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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Akron Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Akron Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Akron Township, MI

How much do homes in Akron Township, MI cost?

Median Sold Price

$132,450

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$20,050(-13.1%)

Key Takeaway

Homes in Akron Township have sold for 13.1% less than they did a year ago.

Summary: The median home sold price in Akron Township was $132,450 in February 2024, down 13.1% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$409.9K
N/A
2 $152.5K$92.5K
-39.3%
3 $140K$134.9K
-3.6%
4 -$218K
N/A
5+ -$65K
N/A

Summary: Akron Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Akron Township, MI

How many homes are available in Akron Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
31-66.7%

Summary: The Akron Township real estate market had 1 homes for sale in February 2024, a 66.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 31
-66.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Akron Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Akron Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Akron Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Akron Township, MI

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Akron Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Akron 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.

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

Report Updated 27 Days Ago

Newest Listings in Akron Township, MI