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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burns Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$8,250(+3.6%)

Key Takeaway

Homes in Burns Township have sold for 3.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $215K$171K
-20.5%
3 $220.1K$235K
+6.7%
4 $328K$267K
-18.6%
5+ $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
+19.0%
Burns Township
+3.6%
Argentine Township
+0.6%
Gaines Township
-8.9%

Housing Supply in Burns Township, MI

How many homes are available in Burns Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
440.0%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 00
0.0%
5+ 11
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 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burns Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
7 Days19 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Burns Township, MI

Nearby Markets to Burns Township, MI

What housing markets are near Burns Township, MI?