Is Almont Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2022
At the same time last year, Almont Township was a Seller's Market.
Key Takeaway
Almont Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Almont Township, MI cost?
Median Sold Price
$315,000
$182/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2022.
Key Takeaway
The sold price of homes in Almont Township has remained the same since last year.
Summary: The median home sold price in Almont Township was $315,000 in October 2023, the same as last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2022 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $302.5K | $230.7K | -23.7% |
| 3 Bedrooms | $315K | $308K | -2.2% |
| 4 Bedrooms | $319.9K | $379K | +18.5% |
| 5+ Bedrooms | $324.9K | $441.7K | +35.9% |
Summary: Almont Township housing prices by bedroom type for October 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.7%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
| Almont | $280K | $308K | +10.0% |
| Imlay Township | $334.9K | $354K | +5.7% |
| Almont Township | $315K | $315K | 0.0% |
Housing Supply
How many homes are available in Almont Township, MI?
Number of Homes For Sale
| Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|
| 18 | 14 | -22.2% |
Summary: The Almont Township real estate market had 14 homes for sale in October 2023, a 22.2% decrease compared to September 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Oct 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Almont Township housing inventory by bedroom type for October 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 27.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2023 | Oct 2023 | 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 Almont 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 Almont Township in October 2023, 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
How long does it take to sell a home in Almont Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Almont Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2023, 2 homes were sold in Almont Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.