Is Atlas Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Atlas Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Atlas Township was a Seller's Market.

Key Takeaway

Atlas 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 in Atlas Township, MI

How much do homes in Atlas Township, MI cost?

Median Sold Price

$370,000

$250/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$47,550(+14.7%)

Key Takeaway

Homes in Atlas Township have sold for 14.7% more than they did a month ago.

Summary: The median home sold price in Atlas Township was $370,000 in September 2024, up 14.7% from last month, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$195K
N/A
3 $255K$590K
+131.4%
4 $460K$326.3K
-29.1%
5+ $435K-
N/A

Summary: Atlas Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 131.4%, 4 bedroom homes decreased by 29.1%, and 5+ bedroom homes did not change.

Housing Supply in Atlas Township, MI

How many homes are available in Atlas Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3635-2.8%

Summary: The Atlas Township real estate market had 35 homes for sale in September 2024, a 2.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2018
-10.0%
4 78
+14.3%
5+ 66
0.0%

Summary: The Atlas Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Atlas Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Atlas Township in September 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Atlas Township, MI

How long does it take to sell a home in Atlas Township, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
17 Days40 Days+131.2%

Summary: Homes in Atlas Township had an average of 40 days on market in Sep 2024, up by 131.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Atlas Township has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Atlas Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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