Is Albert Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Albert Township was a Seller's Market.
Key Takeaway
Albert Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Albert Township, MI
How much do homes in Albert Township, MI cost?
Median Sold Price
$205,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Albert Township have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Albert Township was $205,000 in March 2024, up 12.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $137.5K | $117.2K | -14.7% |
| 2 Bedrooms | $146.2K | $137.5K | -6.0% |
| 3 Bedrooms | $217K | $250K | +15.2% |
| 4 Bedrooms | $335K | $300K | -10.4% |
| 5+ Bedrooms | - | $689K | N/A |
Summary: Albert Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Albert Township | $182K | $205K | +12.6% |
| Lewiston | $164.9K | $159.4K | -3.3% |
| Greenwood Township | $165K | $158.5K | -3.9% |
Housing Supply in Albert Township, MI
How many homes are available in Albert Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Albert Township real estate market had 18 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Albert 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 decreased by 25%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Albert Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Albert Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Albert Township, MI
We’re sorry, we don't have information for this market at the moment
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