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 April 2023
Since last year, Blackman Charter Township has remained a Seller's Market.
Housing Prices in Blackman Charter Township, MI
How much do homes in Blackman Charter Township, MI cost?
Median Sold Price
$186,250
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Blackman Charter Township was $186,250 in April 2024, up 4.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $67.5K | N/A |
2 Bedrooms | $118.5K | $139K | +17.3% |
3 Bedrooms | $183.5K | $194K | +5.7% |
4 Bedrooms | $239.9K | $275.5K | +14.8% |
5+ Bedrooms | $357.1K | $202.4K | -43.3% |
Summary: Blackman Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes decreased by 43.3%.
Median Sold Price Compared To Nearby Cities
Jackson | $140.5K | $174.9K | +24.5% |
Summit Township | $193K | $217K | +12.4% |
Leoni Township | $200K | $213.5K | +6.8% |
Blackman Charter Township | $178K | $186.2K | +4.6% |
Rives Township | $268.5K | $260K | -3.2% |
Housing Supply in Blackman Charter Township, MI
How many homes are available in Blackman Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 36 | -18.2% |
Summary: The Blackman Charter Township real estate market had 36 homes for sale in April 2024, a 18.2% 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 | 4 | 6 | +50.0% |
3 Bedrooms | 26 | 20 | -23.1% |
4 Bedrooms | 8 | 5 | -37.5% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Blackman Charter 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 50%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Blackman Charter Township in April 2024, down by 42.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Blackman Charter Township; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.