Is Caledonia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Caledonia Township has remained a Seller's Market.
Housing Prices in Caledonia Township, MI
How much do homes in Caledonia Township, MI cost?
Median Sold Price
$395,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Caledonia Township was $395,000 in June 2024, up 3.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $230K | -33.3% |
2 Bedrooms | $270K | $314.9K | +16.6% |
3 Bedrooms | $350K | $375K | +7.1% |
4 Bedrooms | $437.5K | $435.5K | -0.5% |
5+ Bedrooms | $535K | $535K | 0.0% |
Summary: Caledonia Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Cascade Charter Township | $509.7K | $560K | +9.9% |
Caledonia | $370K | $389.9K | +5.4% |
Caledonia Township | $381.9K | $395K | +3.4% |
Alto | $463.7K | $465.9K | 0.5% |
Bowne Township | $423K | $403.5K | -4.6% |
Housing Supply in Caledonia Township, MI
How many homes are available in Caledonia Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
100 | 96 | -4.0% |
Summary: The Caledonia Township real estate market had 96 homes for sale in June 2024, a 4.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 11 | -35.3% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 30 | 31 | +3.3% |
5+ Bedrooms | 22 | 25 | +13.6% |
Summary: The Caledonia Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
30 | 19 | -36.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Caledonia Township in June 2024, down by 36.7% month-over-month. Of the 19 sold homes, 26% were sold under asking, 11% were sold at asking, and 63% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 10 Days | -49.7% |
Summary: Homes in Caledonia Township had an average of 10 days on market in Jun 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 19 homes were sold in Caledonia Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.