Is Algansee Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Algansee Township has remained a Seller's Market.
Key Takeaway
Algansee Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Algansee Township, MI
How much do homes in Algansee Township, MI cost?
Median Sold Price
$222,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Algansee Township have sold for 20.7% less than they did a year ago.
Summary: The median home sold price in Algansee Township was $222,000 in March 2024, down 20.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $135K | $177.5K | +31.5% |
| 3 Bedrooms | $280K | $279.9K | 0% |
| 4 Bedrooms | $310K | $254K | -18.1% |
| 5+ Bedrooms | - | $380.3K | N/A |
Summary: Algansee Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Reading Township | $149K | $172K | +15.4% |
| Algansee Township | $280K | $222K | -20.7% |
Housing Supply in Algansee Township, MI
How many homes are available in Algansee Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Algansee Township real estate market had 9 homes for sale in March 2024, a 18.2% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Algansee 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Algansee 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 Algansee Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Algansee Township, MI
How long does it take to sell a home in Algansee Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 110 Days | +61.8% |
Summary: Homes in Algansee Township had an average of 110 days on market in Mar 2024, up by 61.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Algansee Township has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Algansee Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
