Is Caledonia Charter 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, Caledonia Charter Township has remained a Seller's Market.
Housing Prices in Caledonia Charter Township, MI
How much do homes in Caledonia Charter Township, MI cost?
Median Sold Price
$370,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Caledonia Charter Township was $370,000 in March 2024, up 10.5% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $59.5K | $150K | +152.1% |
2 Bedrooms | $239K | $289.5K | +21.2% |
3 Bedrooms | $297.5K | $342.5K | +15.1% |
4 Bedrooms | $424.9K | $440.2K | +3.6% |
5+ Bedrooms | $485K | $511.2K | +5.4% |
Summary: Caledonia Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 152.1%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
Corunna | $151K | $175.5K | +16.2% |
Owosso | $130K | $145.6K | +12.0% |
Caledonia Charter Township | $334.9K | $370K | +10.5% |
Housing Supply in Caledonia Charter Township, MI
How many homes are available in Caledonia Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 82 | +10.8% |
Summary: The Caledonia Charter Township real estate market had 82 homes for sale in March 2024, a 10.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 20 | 32 | +60.0% |
4 Bedrooms | 30 | 23 | -23.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Caledonia Charter 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 18.8%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 24 | -4.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Caledonia Charter Township in March 2024, down by 4.0% month-over-month. Of the 24 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Caledonia Charter Township, MI
How long does it take to sell a home in Caledonia Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 17 Days | -62.0% |
Summary: Homes in Caledonia Charter Township had an average of 17 days on market in Mar 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Caledonia Charter Township; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.