Is Greenbush 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, Greenbush Township has remained a Seller's Market.
Key Takeaway
Greenbush Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Greenbush Township, MI
How much do homes in Greenbush Township, MI cost?
Median Sold Price
$225,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Greenbush Township have sold for 10.9% less than they did a year ago.
Summary: The median home sold price in Greenbush Township was $225,000 in May 2024, down 10.9% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66.5K | - | N/A |
| 2 Bedrooms | $289K | $125.4K | -56.6% |
| 3 Bedrooms | $279.9K | $289.9K | +3.6% |
| 4 Bedrooms | $222.2K | $318.5K | +43.3% |
| 5+ Bedrooms | $175K | $65K | -62.9% |
Summary: Greenbush 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 56.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes decreased by 62.9%.
Median Sold Price Compared To Nearby Cities
| Bingham Township | $317K | $380K | +19.9% |
| Washington Township | $430K | $424.8K | -1.2% |
| Greenbush Township | $252.5K | $225K | -10.9% |
Housing Supply in Greenbush Township, MI
How many homes are available in Greenbush Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Greenbush Township real estate market had 10 homes for sale in May 2024, a 28.6% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Greenbush 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 decreased by 25%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greenbush Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Greenbush Township in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Greenbush Township, MI
How long does it take to sell a home in Greenbush Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 32 Days | +307.5% |
Summary: Homes in Greenbush Township had an average of 32 days on market in May 2024, up by 307.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Greenbush Township has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Greenbush Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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