Is Marshall Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Marshall Township was a Seller's Market.
Housing Prices in Marshall Township, MI
How much do homes in Marshall Township, MI cost?
Median Sold Price
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Marshall Township was $240,000 in May 2024, up 11.6% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $157.4K | $175K | +11.1% |
3 Bedrooms | $195K | $225K | +15.4% |
4 Bedrooms | $277.9K | $309.9K | +11.5% |
5+ Bedrooms | $305K | $355K | +16.4% |
Summary: Marshall 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 11.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
Marshall Township | $215K | $240K | +11.6% |
Marshall | $218.5K | $240K | +9.8% |
Housing Supply in Marshall Township, MI
How many homes are available in Marshall Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 64 | +10.3% |
Summary: The Marshall Township real estate market had 64 homes for sale in May 2024, a 10.3% 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 | 12 | +20.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Marshall 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 increased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 10 | -44.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Marshall Township in May 2024, down by 44.4% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for Marshall Township, MI
How long does it take to sell a home in Marshall Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
52 Days | 40 Days | -23.5% |
Summary: Homes in Marshall Township had an average of 40 days on market in May 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Marshall Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.