Is Allen Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Allen Township has remained a Seller's Market.
Housing Prices in Allen Township, MI
How much do homes in Allen Township, MI cost?
Median Sold Price
$188,750
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Allen Township was $188,750 in April 2024, up 4.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143K | $180K | +25.9% |
2 Bedrooms | $170K | $159.5K | -6.2% |
3 Bedrooms | $186.3K | $250K | +34.2% |
4 Bedrooms | $140K | $107.5K | -23.2% |
5+ Bedrooms | $179.2K | $312K | +74.1% |
Summary: Allen Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.9%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 34.2%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes increased by 74.1%.
Median Sold Price Compared To Nearby Cities
Hillsdale Township | $164.9K | $190K | +15.2% |
Litchfield Township | $119K | $136K | +14.3% |
Fayette Township | $170K | $185K | +8.8% |
Allen Township | $180K | $188.7K | +4.9% |
Allen | $167.5K | $166.2K | -0.7% |
Housing Supply in Allen Township, MI
How many homes are available in Allen Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The Allen Township real estate market had 5 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Allen Township housing inventory by bedroom type for April 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 remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Allen Township in April 2024, up by 100.0% 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 Allen Township, MI
How long does it take to sell a home in Allen Township, MI?
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
Summary: During April 2024, 2 homes were sold in Allen 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.