Is DeWitt Charter 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, DeWitt Charter Township has remained a Seller's Market.
Housing Prices in DeWitt Charter Township, MI
How much do homes in DeWitt Charter Township, MI cost?
Median Sold Price
$330,437
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in DeWitt Charter Township was $330,437 in May 2024, down 1.4% 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 | - | $189K | N/A |
2 Bedrooms | $154K | $214.9K | +39.5% |
3 Bedrooms | $285.2K | $271K | -5.0% |
4 Bedrooms | $392K | $397.5K | +1.4% |
5+ Bedrooms | $478K | $475K | -0.6% |
Summary: DeWitt Charter 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 39.5%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
East Lansing | $265.4K | $289.9K | +9.2% |
Bath | $270K | $285K | +5.6% |
DeWitt | $352.2K | $360K | +2.2% |
DeWitt Charter Township | $335K | $330.4K | -1.4% |
Olive Township | $310K | $256.5K | -17.3% |
Housing Supply in DeWitt Charter Township, MI
How many homes are available in DeWitt Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 79 | +2.6% |
Summary: The DeWitt Charter Township real estate market had 79 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 30 | 26 | -13.3% |
4 Bedrooms | 27 | 26 | -3.7% |
5+ Bedrooms | 10 | 18 | +80.0% |
Summary: The DeWitt Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in DeWitt Charter Township in May 2024, up by 8.0% month-over-month. Of the 27 sold homes, 33% were sold under asking, 19% were sold at asking, and 48% were sold over asking.
Days on Market for DeWitt Charter Township, MI
How long does it take to sell a home in DeWitt Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 14 Days | +30.5% |
Summary: Homes in DeWitt Charter Township had an average of 14 days on market in May 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in DeWitt Charter Township; 85% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.