Is Caledonia 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 Township has remained a Seller's Market.
Key Takeaway
Caledonia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caledonia Township, MI
How much do homes in Caledonia Township, MI cost?
Median Sold Price
$399,576
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Caledonia Township have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Caledonia Township was $399,576 in March 2024, up 2.5% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $310K | +138.5% |
| 2 Bedrooms | $285K | $304.5K | +6.8% |
| 3 Bedrooms | $340K | $370K | +8.8% |
| 4 Bedrooms | $449.5K | $449.4K | 0% |
| 5+ Bedrooms | $542.4K | $550K | +1.4% |
Summary: Caledonia Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.5%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Caledonia | $359.2K | $390K | +8.6% |
| Bowne Township | $398.7K | $416.5K | +4.5% |
| Caledonia Township | $390K | $399.5K | +2.5% |
| Alto | $465K | $465.4K | 0.1% |
| Cascade Charter Township | $535K | $520K | -2.8% |
Housing Supply in Caledonia Township, MI
How many homes are available in Caledonia Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +10.7% |
Summary: The Caledonia Township real estate market had 83 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 14 | 25 | +78.6% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Caledonia 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 6.3%, 3 bedroom homes increased by 78.6%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caledonia Township, you could pay more than the asking price. 36.4% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Caledonia Township in March 2024, down by 12.0% month-over-month. Of the 22 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% were sold over asking.
Days on Market for Caledonia Township, MI
How long does it take to sell a home in Caledonia Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 32 Days | -26.4% |
Summary: Homes in Caledonia Township had an average of 32 days on market in Mar 2024, down by 26.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caledonia Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 22 homes were sold in Caledonia Township; 68% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
