Is Climax 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, Climax Township has remained a Seller's Market.
Housing Prices in Climax Township, MI
How much do homes in Climax Township, MI cost?
Median Sold Price
$251,250
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Climax Township was $251,250 in May 2024, up 11.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $118.8K | $246.5K | +107.4% |
3 Bedrooms | $227.4K | $240.2K | +5.6% |
4 Bedrooms | $250.7K | $283.7K | +13.2% |
5+ Bedrooms | $590.5K | $405K | -31.4% |
Summary: Climax 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 107.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
Climax Township | $224.9K | $251.2K | +11.7% |
Scotts | $298K | $326K | +9.4% |
Climax | $221.7K | $233K | +5.1% |
Housing Supply in Climax Township, MI
How many homes are available in Climax Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Climax Township real estate market had 7 homes for sale in May 2024, a 40.0% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Climax 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Climax Township in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Climax Township, MI
How long does it take to sell a home in Climax Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 2 Days | -76.5% |
Summary: Homes in Climax Township had an average of 2 days on market in May 2024, down by 76.5% compared to last year.
Breakdown of Home Sale Times
2 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, 2 homes were sold in Climax 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.