Is Constantine Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Constantine Township was a Neutral Market.
Key Takeaway
Constantine Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Constantine Township, MI
How much do homes in Constantine Township, MI cost?
Median Sold Price
$180,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Constantine Township have sold for 8.2% less than they did a year ago.
Summary: The median home sold price in Constantine Township was $180,000 in May 2024, down 8.2% 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 | $65K | - | N/A |
| 2 Bedrooms | $90K | $94.9K | +5.5% |
| 3 Bedrooms | $196K | $160K | -18.4% |
| 4 Bedrooms | $337.5K | $239.9K | -28.9% |
| 5+ Bedrooms | $50.5K | $215K | +325.7% |
Summary: Constantine 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 5.5%, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes increased by 325.7%.
Median Sold Price Compared To Nearby Cities
| Constantine Township | $196K | $180K | -8.2% |
| Constantine | $196K | $180K | -8.2% |
Housing Supply in Constantine Township, MI
How many homes are available in Constantine Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Constantine Township real estate market had 14 homes for sale in May 2024, a 6.7% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Constantine 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 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Constantine Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Constantine Township in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Constantine Township, MI
How long does it take to sell a home in Constantine Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 78 Days | +275.0% |
Summary: Homes in Constantine Township had an average of 78 days on market in May 2024, up by 275% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Constantine Township has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Constantine Township; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
