Is Allegan 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, Allegan Township has remained a Seller's Market.
Key Takeaway
Allegan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allegan Township, MI
How much do homes in Allegan Township, MI cost?
Median Sold Price
$250,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Allegan Township has remained the same since last year.
Summary: The median home sold price in Allegan Township was $250,000 in March 2024, down 0.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.7K | $167K | -12.4% |
| 2 Bedrooms | $245K | $230K | -6.1% |
| 3 Bedrooms | $241K | $240K | -0.4% |
| 4 Bedrooms | $305.5K | $299.5K | -2.0% |
| 5+ Bedrooms | $373K | $250K | -33.0% |
Summary: Allegan Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 33%.
Median Sold Price Compared To Nearby Cities
| Allegan | $225K | $250K | +11.1% |
| Allegan Township | $250.6K | $250K | -0.3% |
Housing Supply in Allegan Township, MI
How many homes are available in Allegan Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 52 | 44 | -15.4% |
Summary: The Allegan Township real estate market had 44 homes for sale in March 2024, a 15.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 28 | 25 | -10.7% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Allegan Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 11 | -45.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allegan Township, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Allegan Township in March 2024, down by 45.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Allegan Township, MI
How long does it take to sell a home in Allegan Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 21 Days | -72.1% |
Summary: Homes in Allegan Township had an average of 21 days on market in Mar 2024, down by 72.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allegan Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Allegan Township; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.