Is Martin Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Martin Township has remained a Seller's Market.
Housing Prices in Martin Township, MI
How much do homes in Martin Township, MI cost?
Median Sold Price
$269,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Martin Township was $269,000 in April 2024, up 7.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $375K | $340K | -9.3% |
3 Bedrooms | $250K | $238.2K | -4.7% |
4 Bedrooms | $221K | $301.5K | +36.4% |
5+ Bedrooms | $300K | $282.5K | -5.8% |
Summary: Martin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
Orangeville Township | $255K | $319.9K | +25.5% |
Martin | $221K | $272K | +23.1% |
Martin Township | $250K | $269K | +7.6% |
Wayland Township | $290K | $305K | +5.2% |
Shelbyville | $300K | $291.2K | -2.9% |
Housing Supply in Martin Township, MI
How many homes are available in Martin Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Summary: The Martin Township real estate market had 5 homes for sale in April 2024, a 150.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 4 | +300.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Martin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 300%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Martin Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Martin Township, MI
How long does it take to sell a home in Martin Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 24 Days | -56.8% |
Summary: Homes in Martin Township had an average of 24 days on market in Apr 2024, down by 56.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Martin Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.