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 seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Atlas Township has remained a Seller's Market.

Key Takeaway

Atlas Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Atlas Township, MI

How much do homes in Atlas Township, MI cost?

Median Sold Price

$330,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$30,000(+10.0%)

Key Takeaway

Homes in Atlas Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Atlas Township was $330,000 in May 2024, up 10% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $205K$252.5K
+23.2%
3 $285K$291.9K
+2.4%
4 $390K$387K
-0.8%
5+ $612.5K$462.5K
-24.5%

Summary: Atlas Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 24.5%.

Median Sold Price Compared To Nearby Cities

Goodrich
+15.2%
Groveland Township
+13.5%
Atlas Township
+10.0%
Hadley Township
+2.1%

Housing Supply in Atlas Township, MI

How many homes are available in Atlas Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2627+3.8%

Summary: The Atlas Township real estate market had 27 homes for sale in May 2024, a 3.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 910
+11.1%
4 99
0.0%
5+ 66
0.0%

Summary: The Atlas Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Atlas Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

May 2023May 2024CHANGE
17 Days28 Days+57.1%

Summary: Homes in Atlas Township had an average of 28 days on market in May 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

5 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

Many homes in Atlas Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Atlas Township; 63% of homes were sold within 30 days, 38% 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 20 Days Ago

Newest Listings in Atlas Township, MI

Nearby Markets to Atlas Township, MI

What housing markets are near Atlas Township, MI?