Is Royalton 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, Royalton Township was a Seller's Market.
Housing Prices in Royalton Township, MI
How much do homes in Royalton Township, MI cost?
Median Sold Price
$400,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Royalton Township was $400,000 in April 2024, up 3.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $234.5K | $279.9K | +19.4% |
3 Bedrooms | $320K | $322.5K | +0.8% |
4 Bedrooms | $439K | $400K | -8.9% |
5+ Bedrooms | $417.9K | $522.5K | +25.0% |
Summary: Royalton 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 increased by 19.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Saint Joseph Charter Township | $240K | $285K | +18.8% |
Benton Charter Township | $139K | $165K | +18.7% |
Royalton Township | $385K | $400K | +3.9% |
Housing Supply in Royalton Township, MI
How many homes are available in Royalton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The Royalton Township real estate market had 21 homes for sale in April 2024, a 4.5% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Royalton 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 decreased by 50%, 3 bedroom homes increased by 42.9%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Royalton Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Royalton Township, MI
How long does it take to sell a home in Royalton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
69 Days | 106 Days | +53.2% |
Summary: Homes in Royalton Township had an average of 106 days on market in Apr 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Royalton Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.