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 March 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
$180,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blackman Charter Township have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Blackman Charter Township was $180,000 in March 2024, up 0.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.5K | N/A |
| 2 Bedrooms | $125K | $139K | +11.2% |
| 3 Bedrooms | $181.2K | $189.2K | +4.4% |
| 4 Bedrooms | $239.9K | $275K | +14.6% |
| 5+ Bedrooms | $277.1K | $314.9K | +13.6% |
Summary: Blackman Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Cities
| Jackson | $138.1K | $174.9K | +26.7% |
| Summit Township | $190K | $216.5K | +13.9% |
| Leoni Township | $197.5K | $214.9K | +8.8% |
| Blackman Charter Township | $179K | $180K | +0.6% |
| Rives Township | $272K | $254K | -6.6% |
Housing Supply in Blackman Charter Township, MI
How many homes are available in Blackman Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 44 | +2.3% |
Summary: The Blackman Charter Township real estate market had 44 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Blackman Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blackman Charter Township, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Blackman Charter Township in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 20 Days | 57 Days | +178.5% |
Summary: Homes in Blackman Charter Township had an average of 57 days on market in Mar 2024, up by 178.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blackman Charter Township has remained consistent over time.
Summary: During March 2024, 14 homes were sold in Blackman Charter Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.