Is Superior 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
Since last year, Superior Charter Township has remained a Seller's Market.
Housing Prices in Superior Charter Township, MI
How much do homes in Superior Charter Township, MI cost?
Median Sold Price
$352,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Superior Charter Township was $352,500 in April 2024, up 9.1% 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 | $201.5K | $207.2K | +2.9% |
3 Bedrooms | $315K | $325K | +3.2% |
4 Bedrooms | $330K | $420K | +27.3% |
5+ Bedrooms | $857.5K | $947.5K | +10.5% |
Summary: Superior Charter 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 2.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Superior Charter Township | $322.9K | $352.5K | +9.1% |
Ann Arbor Charter Township | $459K | $490K | +6.7% |
Canton Charter Township | $349.7K | $372.5K | +6.5% |
Canton | $349.6K | $372.2K | +6.5% |
Ypsilanti Charter Township | $265K | $275K | +3.8% |
Housing Supply in Superior Charter Township, MI
How many homes are available in Superior Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The Superior Charter Township real estate market had 35 homes for sale in April 2024, a 25.0% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Superior Charter 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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Superior Charter Township in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Superior Charter Township, MI
How long does it take to sell a home in Superior Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 17 Days | -57.4% |
Summary: Homes in Superior Charter Township had an average of 17 days on market in Apr 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Superior Charter Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.