Is Zeeland Charter 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, Zeeland Charter Township has remained a Seller's Market.
Key Takeaway
Zeeland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Zeeland Charter Township, MI
How much do homes in Zeeland Charter Township, MI cost?
Median Sold Price
$339,633
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Zeeland Charter Township has remained the same since last year.
Summary: The median home sold price in Zeeland Charter Township was $339,633 in May 2024, up 0.3% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $204K | $200K | -2.0% |
| 2 Bedrooms | $245K | $263K | +7.3% |
| 3 Bedrooms | $319K | $312K | -2.2% |
| 4 Bedrooms | $370K | $387.4K | +4.7% |
| 5+ Bedrooms | $430K | $499.9K | +16.3% |
Summary: Zeeland Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Cities
| Blendon Township | $381.4K | $445K | +16.7% |
| Holland | $308.1K | $336.2K | +9.1% |
| Zeeland | $336.7K | $339.4K | +0.8% |
| Zeeland Charter Township | $338.5K | $339.6K | 0.3% |
Housing Supply in Zeeland Charter Township, MI
How many homes are available in Zeeland Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 64 | +16.4% |
Summary: The Zeeland Charter Township real estate market had 64 homes for sale in May 2024, a 16.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 25 | 27 | +8.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Zeeland Charter 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 83.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Zeeland Charter Township, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Zeeland Charter Township in May 2024, up by 43.8% month-over-month. Of the 23 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Zeeland Charter Township, MI
How long does it take to sell a home in Zeeland Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 8 Days | -55.7% |
Summary: Homes in Zeeland Charter Township had an average of 8 days on market in May 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Zeeland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Zeeland Charter Township; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
