Is Lake Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lake Charter Township was a Buyer's Market.
Housing Prices in Lake Charter Township, MI
How much do homes in Lake Charter Township, MI cost?
Median Sold Price
$183,750
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake Charter Township was $183,750 in April 2024, down 4.4% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.4K | $61.9K | -40.1% |
2 Bedrooms | $85.5K | $159K | +86.0% |
3 Bedrooms | $164.9K | $227K | +37.7% |
4 Bedrooms | $850K | $342.2K | -59.7% |
5+ Bedrooms | $615K | $455K | -26.0% |
Summary: Lake Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40.1%, 2 bedroom homes increased by 86%, 3 bedroom homes increased by 37.7%, 4 bedroom homes decreased by 59.7%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
Baroda Township | $305K | $407K | +33.4% |
Bridgman | $314K | $334.3K | +6.5% |
Lincoln Charter Township | $333.3K | $339K | +1.7% |
Lake Charter Township | $192.2K | $183.7K | -4.4% |
Housing Supply in Lake Charter Township, MI
How many homes are available in Lake Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 40 | +37.9% |
Summary: The Lake Charter Township real estate market had 40 homes for sale in April 2024, a 37.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 1 | 5 | +400.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lake Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 400%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lake Charter Township in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Lake Charter Township, MI
How long does it take to sell a home in Lake Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
160 Days | 68 Days | -57.5% |
Summary: Homes in Lake Charter Township had an average of 68 days on market in Apr 2024, down by 57.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Lake Charter Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.