Is Delhi Charter 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, Delhi Charter Township has remained a Seller's Market.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$272,250
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Delhi Charter Township was $272,250 in April 2024, up 7.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83K | - | N/A |
2 Bedrooms | $152.5K | $145K | -4.9% |
3 Bedrooms | $243.8K | $260K | +6.6% |
4 Bedrooms | $305K | $337.6K | +10.7% |
5+ Bedrooms | $337K | $368.5K | +9.3% |
Summary: Delhi Charter 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 decreased by 4.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
Holt | $244K | $267.9K | +9.8% |
Delhi Charter Township | $253.2K | $272.2K | +7.5% |
Lansing | $140K | $148K | +5.8% |
Lansing Charter Township | $139.9K | $145.9K | +4.3% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 61 | +8.9% |
Summary: The Delhi Charter Township real estate market had 61 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 27 | 30 | +11.1% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Delhi Charter 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 decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Delhi Charter Township in April 2024, up by 10.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 23 Days | +57.0% |
Summary: Homes in Delhi Charter Township had an average of 23 days on market in Apr 2024, up by 57% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Delhi Charter Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.