Is Belvidere 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, Belvidere Township has remained a Seller's Market.
Key Takeaway
Belvidere Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belvidere Township, MI
How much do homes in Belvidere Township, MI cost?
Median Sold Price
$197,800
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belvidere Township have sold for 20.8% less than they did a year ago.
Summary: The median home sold price in Belvidere Township was $197,800 in April 2024, down 20.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $144K | -7.1% |
| 2 Bedrooms | $235K | $299.5K | +27.4% |
| 3 Bedrooms | $250K | $180K | -28.0% |
| 4 Bedrooms | $249.9K | $219K | -12.4% |
| 5+ Bedrooms | $329K | $130K | -60.5% |
Summary: Belvidere Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 27.4%, 3 bedroom homes decreased by 28%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 60.5%.
Housing Supply in Belvidere Township, MI
How many homes are available in Belvidere Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Belvidere Township real estate market had 8 homes for sale in April 2024, a 20.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Belvidere Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Belvidere Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Belvidere Township in April 2024, up by 66.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Belvidere Township, MI
How long does it take to sell a home in Belvidere Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 12 Days | +165.7% |
Summary: Homes in Belvidere Township had an average of 12 days on market in Apr 2024, up by 165.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belvidere Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Belvidere Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
