Is Denton 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, Denton Township has remained a Seller's Market.
Housing Prices in Denton Township, MI
How much do homes in Denton Township, MI cost?
Median Sold Price
$224,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Denton Township was $224,500 in May 2024, up 24.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70.5K | $95K | +34.8% |
2 Bedrooms | $144.2K | $145.2K | +0.7% |
3 Bedrooms | $199.9K | $240K | +20.0% |
4 Bedrooms | $258.7K | $269.9K | +4.3% |
5+ Bedrooms | $165K | $607.5K | +268.2% |
Summary: Denton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.8%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 268.2%.
Median Sold Price Compared To Nearby Cities
Denton Township | $180K | $224.5K | +24.7% |
Prudenville | $170K | $202.5K | +19.1% |
Roscommon Township | $168.6K | $182.2K | +8.1% |
Houghton Lake | $179.9K | $190K | +5.6% |
Housing Supply in Denton Township, MI
How many homes are available in Denton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 86 | +32.3% |
Summary: The Denton Township real estate market had 86 homes for sale in May 2024, a 32.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 20 | 29 | +45.0% |
3 Bedrooms | 34 | 42 | +23.5% |
4 Bedrooms | 7 | 10 | +42.9% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Denton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 45%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 20 | +66.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Denton Township in May 2024, up by 66.7% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for Denton Township, MI
How long does it take to sell a home in Denton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 41 Days | +398.0% |
Summary: Homes in Denton Township had an average of 41 days on market in May 2024, up by 398% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Denton Township; 10% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.