Is Burns Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Burns Township has remained a Seller's Market.
Housing Prices in Burns Township, MI
How much do homes in Burns Township, MI cost?
Median Sold Price
$235,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Burns Township was $235,000 in February 2024, up 3.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $171K | -20.5% |
3 Bedrooms | $220.1K | $235K | +6.7% |
4 Bedrooms | $328K | $267K | -18.6% |
5+ Bedrooms | $237.1K | $265K | +11.7% |
Summary: Burns Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Byron | $252K | $300K | +19.0% |
Burns Township | $226.7K | $235K | +3.6% |
Argentine Township | $357K | $359K | +0.6% |
Gaines Township | $259K | $235.9K | -8.9% |
Housing Supply in Burns Township, MI
How many homes are available in Burns Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Summary: The Burns Township real estate market had 4 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Burns Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Burns Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Burns Township, MI
How long does it take to sell a home in Burns Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
7 Days | 19 Days | +171.4% |
Summary: Homes in Burns Township had an average of 19 days on market in Feb 2024, up by 171.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in Burns 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.