Is Swan Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Swan Creek Township has remained a Seller's Market.
Housing Prices in Swan Creek Township, MI
How much do homes in Swan Creek Township, MI cost?
Median Sold Price
$205,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Swan Creek Township was $205,000 in May 2024, down 16.3% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $151K | $118.5K | -21.5% |
3 Bedrooms | $217.4K | $173.4K | -20.2% |
4 Bedrooms | $274.9K | $312.5K | +13.7% |
5+ Bedrooms | $242.5K | $420K | +73.2% |
Summary: Swan Creek 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 decreased by 21.5%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 73.2%.
Median Sold Price Compared To Nearby Cities
Thomas Township | $193.5K | $204.5K | +5.7% |
Hemlock | $170K | $176K | +3.5% |
Swan Creek Township | $244.9K | $205K | -16.3% |
Housing Supply in Swan Creek Township, MI
How many homes are available in Swan Creek Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The Swan Creek Township real estate market had 7 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Swan Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Swan Creek Township in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Swan Creek Township, MI
How long does it take to sell a home in Swan Creek Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 14 Days | +366.7% |
Summary: Homes in Swan Creek Township had an average of 14 days on market in May 2024, up by 366.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Swan Creek Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.