Is Cascade Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cascade Charter Township has remained a Seller's Market.
Housing Prices in Cascade Charter Township, MI
How much do homes in Cascade Charter Township, MI cost?
Median Sold Price
$531,250
$267/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cascade Charter Township was $531,250 in April 2024, up 0.2% from last year, and the median price per square foot was $267.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $208K | N/A |
2 Bedrooms | $230K | $278.7K | +21.2% |
3 Bedrooms | $390K | $422.2K | +8.3% |
4 Bedrooms | $600K | $595K | -0.8% |
5+ Bedrooms | $651K | $805K | +23.7% |
Summary: Cascade Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 23.7%.
Median Sold Price Compared To Nearby Cities
Ada Township | $562.2K | $600K | +6.7% |
Kentwood | $290.8K | $308.7K | +6.2% |
Ada | $572.8K | $602.5K | +5.2% |
Caledonia Township | $391K | $399.7K | +2.2% |
Cascade Charter Township | $530K | $531.2K | 0.2% |
Housing Supply in Cascade Charter Township, MI
How many homes are available in Cascade Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 74 | +39.6% |
Summary: The Cascade Charter Township real estate market had 74 homes for sale in April 2024, a 39.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 25 | 35 | +40.0% |
5+ Bedrooms | 17 | 21 | +23.5% |
Summary: The Cascade Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Cascade Charter Township in April 2024, up by 83.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for Cascade Charter Township, MI
How long does it take to sell a home in Cascade Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 18 Days | -79.2% |
Summary: Homes in Cascade Charter Township had an average of 18 days on market in Apr 2024, down by 79.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Cascade Charter Township; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.