$950 Closing Credit*
$80,000
3 Beds
•2 Full Baths
Keri Wade, Listing Office: Five Star Real Estate Whitehall
Is Blackman Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Blackman Charter Township has remained a Seller's Market.
Key Takeaway
Blackman Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blackman Charter Township, MI
How much do homes in Blackman Charter Township, MI cost?
Median Sold Price
$200,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$30,100(+17.7%)
Key Takeaway
Homes in Blackman Charter Township have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Blackman Charter Township was $200,000 in August 2024, up 17.7% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.8K | $107.5K | +115.9% |
| 2 Bedrooms | $137.5K | $130.5K | -5.1% |
| 3 Bedrooms | $180.2K | $205K | +13.7% |
| 4 Bedrooms | $218.7K | $275K | +25.7% |
| 5+ Bedrooms | $234.3K | $185K | -21.1% |
Summary: Blackman Charter Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.9%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Leoni Township | $190K | $230K | +21.1% |
| Blackman Charter Township | $169.9K | $200K | +17.7% |
| Jackson | $160K | $177.2K | +10.8% |
| Summit Township | $200K | $219.9K | +10.0% |
| Rives Township | $249K | $266.1K | +6.9% |
Housing Supply in Blackman Charter Township, MI
How many homes are available in Blackman Charter Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Summary: The Blackman Charter Township real estate market had 47 homes for sale in August 2024, a 17.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 18 | 23 | +27.8% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Blackman Charter Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blackman Charter Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Blackman Charter Township in August 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Blackman Charter Township, MI
How long does it take to sell a home in Blackman Charter Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.1% |
Summary: Homes in Blackman Charter Township had an average of 34 days on market in Aug 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blackman Charter Township has remained consistent over time.
Summary: During August 2024, 10 homes were sold in Blackman Charter Township; 30% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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