Is Eaton 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, Eaton Township has remained a Seller's Market.
Housing Prices in Eaton Township, MI
How much do homes in Eaton Township, MI cost?
Median Sold Price
$248,454
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Eaton Township was $248,454 in May 2024, up 8.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $79.9K | N/A |
2 Bedrooms | $192K | $184.8K | -3.7% |
3 Bedrooms | $229.9K | $250K | +8.7% |
4 Bedrooms | $325K | $269.2K | -17.2% |
5+ Bedrooms | $203.1K | $320K | +57.6% |
Summary: Eaton 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 decreased by 3.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes increased by 57.6%.
Median Sold Price Compared To Nearby Cities
Carmel Township | $210K | $285.1K | +35.8% |
Benton Township | $250.2K | $296.5K | +18.5% |
Eaton Township | $229.9K | $248.4K | +8.1% |
Charlotte | $189K | $200K | +5.8% |
Housing Supply in Eaton Township, MI
How many homes are available in Eaton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Summary: The Eaton Township real estate market had 11 homes for sale in May 2024, a 83.3% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Eaton 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 increased by 100%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Eaton Township in May 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Eaton Township, MI
How long does it take to sell a home in Eaton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 4 Days | -80.1% |
Summary: Homes in Eaton Township had an average of 4 days on market in May 2024, down by 80.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Eaton Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.