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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burlington Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Burlington Township, MI

How much do homes in Burlington Township, MI cost?

Median Sold Price

$214,438

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$49,438(+30.0%)

Key Takeaway

Homes in Burlington Township have sold for 30% more than they did a year ago.

Summary: The median home sold price in Burlington Township was $214,438 in September 2024, up 30% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $115K-
N/A
2 $125.5K$100K
-20.3%
3 $139.5K$214.4K
+53.7%
4 $185K$315K
+70.3%
5+ $375K-
N/A

Summary: Burlington 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 20.3%, 3 bedroom homes increased by 53.7%, 4 bedroom homes increased by 70.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Burlington Township
+30.0%
Burlington
+18.9%
Union City
+9.9%

Housing Supply in Burlington Township, MI

How many homes are available in Burlington Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
57+40.0%

Summary: The Burlington Township real estate market had 7 homes for sale in September 2024, a 40.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 33
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Burlington Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burlington Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Burlington Township in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Burlington Township, MI

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

Average Sale Time

Sep 2023Sep 2024CHANGE
3 Days14 Days+366.7%

Summary: Homes in Burlington Township had an average of 14 days on market in Sep 2024, up by 366.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Burlington Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 2 homes were sold in Burlington 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.

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

Report Updated 6 Days Ago

Newest Listings in Burlington Township, MI

Nearby Markets to Burlington Township, MI