Is Burtchville 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, Burtchville Township has remained a Seller's Market.
Key Takeaway
Burtchville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Burtchville Township, MI
How much do homes in Burtchville Township, MI cost?
Median Sold Price
$271,250
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Burtchville Township have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Burtchville Township was $271,250 in March 2024, up 16.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.9K | - | N/A |
| 2 Bedrooms | $232.5K | $120K | -48.4% |
| 3 Bedrooms | $218K | $284.9K | +30.7% |
| 4 Bedrooms | $450K | $306.2K | -32.0% |
| 5+ Bedrooms | $399.9K | - | N/A |
Summary: Burtchville 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 decreased by 48.4%, 3 bedroom homes increased by 30.7%, 4 bedroom homes decreased by 32%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Burtchville Township | $232.5K | $271.2K | +16.7% |
| Worth Township | $220K | $247.4K | +12.5% |
| Fort Gratiot | $225K | $249.9K | +11.1% |
| Fort Gratiot Charter Township | $225K | $247K | +9.8% |
Housing Supply in Burtchville Township, MI
How many homes are available in Burtchville Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Summary: The Burtchville Township real estate market had 6 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Burtchville Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +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
Key Takeaway
If you're buying a home in Burtchville 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 Burtchville Township in March 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 Burtchville Township, MI
How long does it take to sell a home in Burtchville Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 153 Days | 21 Days | -86.3% |
Summary: Homes in Burtchville Township had an average of 21 days on market in Mar 2024, down by 86.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Burtchville Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Burtchville Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.