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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austin Township is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Austin Township, MI cost?

Median Sold Price

$221,347

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$56,347(+34.2%)

Key Takeaway

Homes in Austin Township have sold for 34.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 -$170K
N/A
2 $153.2K$205.2K
+33.9%
3 $184.9K$226.5K
+22.5%
4 $240K$216.1K
-9.9%
5+ $437.5K$230K
-47.4%

Median Sold Price Compared To Nearby Cities

Austin Township
+34.2%
Morton Township
-1.9%

How many homes are available in Austin Township, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
16160.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 10
-100.0%
2 14
+300.0%
3 87
-12.5%
4 33
0.0%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austin Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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

About Austin Township, MI

There are 16 homes are for sale in Austin Township, MI real estate market. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 33.9%, 3 bedrooms properties became 22.5% more expensive, prices of 4 bedrooms properties went down by 9.9%, the cost of 5 bedrooms properties went down by 47.4%. This housing market inventory have changed: volume of 1 bedroom homes went down by 100%, the quantity of 2 bedrooms homes went up by 300%, volume of 3 bedrooms homes went down by 12.5%, the quantity of 4 bedrooms homes have not changed, the quantity of 5 bedrooms homes went down by 33.3%. Austin Township, MI housing market in September 2022 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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