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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blair Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Blair Township, MI

How much do homes in Blair Township, MI cost?

Median Sold Price

$349,950

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$22,450(+6.9%)

Key Takeaway

Homes in Blair Township have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Blair Township was $349,950 in September 2024, up 6.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$420K
N/A
2 $222.2K$95K
-57.3%
3 $322.5K$320K
-0.8%
4 $403K$439.9K
+9.2%
5+ -$575K
N/A

Summary: Blair Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.3%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Bay Township
+8.4%
Blair Township
+6.9%
Green Lake Township
+3.9%
Garfield Charter Township
-3.6%

Housing Supply in Blair Township, MI

How many homes are available in Blair Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5955-6.8%

Summary: The Blair Township real estate market had 55 homes for sale in September 2024, a 6.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 33
0.0%
2 79
+28.6%
3 3128
-9.7%
4 1311
-15.4%
5+ 54
-20.0%

Summary: The Blair Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blair Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Blair Township in September 2024, up by 36.4% month-over-month. Of the 15 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.

Days on Market for Blair Township, MI

How long does it take to sell a home in Blair Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
53 Days59 Days+11.8%

Summary: Homes in Blair Township had an average of 59 days on market in Sep 2024, up by 11.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Blair Township has remained consistent over time.

Summary: During September 2024, 15 homes were sold in Blair Township; 7% of homes were sold within 30 days, 87% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

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

Report Updated Sep 1, 2024

Newest Listings in Blair Township, MI

Nearby Markets to Blair Township, MI

What housing markets are near Blair Township, MI?