Is Chesaning Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Chesaning Township has remained a Seller's Market.
Housing Prices in Chesaning Township, MI
How much do homes in Chesaning Township, MI cost?
Median Sold Price
$170,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chesaning Township was $170,000 in May 2024, down 2.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | - | N/A |
2 Bedrooms | $119.9K | $129.7K | +8.2% |
3 Bedrooms | $170K | $169.9K | -0.1% |
4 Bedrooms | $208.5K | $200K | -4.1% |
5+ Bedrooms | $232.5K | $325K | +39.8% |
Summary: Chesaning Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 39.8%.
Median Sold Price Compared To Nearby Cities
Chesaning | $172.4K | $169.9K | -1.5% |
Chesaning Township | $174.9K | $170K | -2.8% |
Housing Supply in Chesaning Township, MI
How many homes are available in Chesaning Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Summary: The Chesaning Township real estate market had 25 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Chesaning Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Chesaning Township in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Chesaning Township, MI
How long does it take to sell a home in Chesaning Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 8 Days | -39.1% |
Summary: Homes in Chesaning Township had an average of 8 days on market in May 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Chesaning Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.