Is Custer 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, Custer Township has remained a Seller's Market.
Housing Prices in Custer Township, MI
How much do homes in Custer Township, MI cost?
Median Sold Price
$305,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Custer Township was $305,000 in April 2024, up 38.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | - | N/A |
2 Bedrooms | $170K | $204.4K | +20.3% |
3 Bedrooms | $235.5K | $292.5K | +24.2% |
4 Bedrooms | $178.6K | $425K | +137.9% |
5+ Bedrooms | $750K | $765K | +2.0% |
Summary: Custer 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 20.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 137.9%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
Custer Township | $220K | $305K | +38.6% |
Kearney Township | $230K | $282K | +22.6% |
Housing Supply in Custer Township, MI
How many homes are available in Custer Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Summary: The Custer Township real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Custer 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 40%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Custer Township in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Custer Township, MI
How long does it take to sell a home in Custer Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 118 Days | +1086.7% |
Summary: Homes in Custer Township had an average of 118 days on market in Apr 2024, up by 1086.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Custer Township; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.