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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burtchville Township is a seller's market

Buyer's
Market

Difference Since September 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

$228,250

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$96,700(-29.8%)

Key Takeaway

Homes in Burtchville Township have sold for 29.8% less than they did a year ago.

Summary: The median home sold price in Burtchville Township was $228,250 in September 2024, down 29.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $87.9K$111K
+26.3%
2 $225K$184.9K
-17.8%
3 $320K$270K
-15.6%
4 $394.9K$256K
-35.2%
5+ $399.9K-
N/A

Summary: Burtchville Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes decreased by 17.8%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 35.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fort Gratiot Charter Township
+16.9%
Fort Gratiot
+8.2%
Burtchville Township
-29.8%

Housing Supply in Burtchville Township, MI

How many homes are available in Burtchville Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1611-31.3%

Summary: The Burtchville Township real estate market had 11 homes for sale in September 2024, a 31.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 54
-20.0%
3 74
-42.9%
4 22
0.0%
5+ 11
0.0%

Summary: The Burtchville Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burtchville Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Burtchville Township in September 2024, down by 42.9% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
20 Days30 Days+46.3%

Summary: Homes in Burtchville Township had an average of 30 days on market in Sep 2024, up by 46.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Burtchville Township; 75% of homes were sold within 30 days, 25% 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 30 Days Ago

Newest Listings in Burtchville Township, MI

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