Is Acme Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acme Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Acme Township has remained a Seller's Market.

Key Takeaway

Acme Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Acme Township, MI

How much do homes in Acme Township, MI cost?

Median Sold Price

$378,000

$213/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$67,000(-15.1%)

Key Takeaway

Homes in Acme Township have sold for 15.1% less than they did a month ago.

Summary: The median home sold price in Acme Township was $378,000 in March 2024, down 15.1% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$371.5K
N/A
3 $384.5K-
N/A
4 $878.8K$400K
-54.5%
5+ --
N/A

Summary: Acme Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 54.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elk Rapids Township
+13.3%
Acme Township
-15.1%
Williamsburg
-57.7%

Housing Supply in Acme Township, MI

How many homes are available in Acme Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1316+23.1%

Summary: The Acme Township real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 66
0.0%
4 34
+33.3%
5+ 12
+100.0%

Summary: The Acme Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acme Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Acme Township in March 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Acme Township, MI

How long does it take to sell a home in Acme Township, MI?

Average Sale Time

Feb 2024Mar 2024CHANGE
73 Days41 Days-43.8%

Summary: Homes in Acme Township had an average of 41 days on market in Mar 2024, down by 43.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Acme Township has remained consistent over time.

Summary: During March 2024, 3 homes were sold in Acme Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Acme Township, MI

Nearby Markets to Acme Township, MI

What housing markets are near Acme Township, MI?