Is Flushing 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, Flushing Charter Township has remained a Seller's Market.
Key Takeaway
Flushing Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flushing Charter Township, MI
How much do homes in Flushing Charter Township, MI cost?
Median Sold Price
$220,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Flushing Charter Township have sold for 10% more than they did a year ago.
Summary: The median home sold price in Flushing Charter Township was $220,000 in May 2024, up 10% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $93K | +16.3% |
| 2 Bedrooms | $158.2K | $180.5K | +14.1% |
| 3 Bedrooms | $198K | $219.4K | +10.8% |
| 4 Bedrooms | $259.9K | $262.5K | +1.0% |
| 5+ Bedrooms | $266K | $360K | +35.3% |
Summary: Flushing Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
| Mount Morris Township | $115K | $130K | +13.0% |
| Montrose Charter Township | $167K | $187.8K | +12.5% |
| Flushing Charter Township | $200K | $220K | +10.0% |
| Flushing | $200K | $220K | +10.0% |
| Vienna Charter Township | $201.9K | $218.2K | +8.1% |
Housing Supply in Flushing Charter Township, MI
How many homes are available in Flushing Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 92 | -3.2% |
Summary: The Flushing Charter Township real estate market had 92 homes for sale in May 2024, a 3.2% decrease 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 | 11 | 11 | 0.0% |
| 3 Bedrooms | 54 | 52 | -3.7% |
| 4 Bedrooms | 28 | 26 | -7.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Flushing Charter 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 remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flushing Charter Township, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Flushing Charter Township in May 2024, the same as the previous month. Of the 29 sold homes, 31% were sold under asking, 21% were sold at asking, and 48% were sold over asking.
Days on Market for Flushing Charter Township, MI
How long does it take to sell a home in Flushing Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 18 Days | +31.0% |
Summary: Homes in Flushing Charter Township had an average of 18 days on market in May 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Flushing Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Flushing Charter Township; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
