Is Chesaning, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Chesaning has remained a Seller's Market.
Housing Prices in Chesaning, MI
How much do homes in Chesaning, MI cost?
Median Sold Price
$172,500
$113/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Chesaning was $172,500 in April 2024, up 56.8% from last month, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $170K | - | N/A |
3 Bedrooms | $110K | $147.9K | +34.5% |
4 Bedrooms | $110K | $260K | +136.4% |
5+ Bedrooms | - | $250K | N/A |
Summary: Chesaning housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 136.4%, and 5+ bedroom homes did not change.
Housing Supply in Chesaning, MI
How many homes are available in Chesaning, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Chesaning real estate market had 20 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Chesaning 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 remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Chesaning in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Chesaning, MI
How long does it take to sell a home in Chesaning, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 15 Days | -8.8% |
Summary: Homes in Chesaning had an average of 15 days on market in Apr 2024, down by 8.8% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Chesaning; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.