Is Carmel Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Carmel Township was a Seller's Market.
Housing Prices in Carmel Township, MI
How much do homes in Carmel Township, MI cost?
Median Sold Price
$285,100
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Carmel Township was $285,100 in March 2024, up 23.3% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $152K | - | N/A |
3 Bedrooms | $201.5K | $282.5K | +40.2% |
4 Bedrooms | $257.4K | $335K | +30.1% |
5+ Bedrooms | $457.5K | - | N/A |
Summary: Carmel 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 did not change, 3 bedroom homes increased by 40.2%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Carmel Township | $231.2K | $285.1K | +23.3% |
Charlotte | $185K | $188.5K | +1.9% |
Housing Supply in Carmel Township, MI
How many homes are available in Carmel Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Summary: The Carmel Township real estate market had 8 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Carmel 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 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Carmel Township in March 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Carmel Township, MI
How long does it take to sell a home in Carmel Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
5 Days | 11 Days | +120.0% |
Summary: Homes in Carmel Township had an average of 11 days on market in Mar 2024, up by 120% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Carmel Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.