$6,828 Closing Credit*
$575,000
1,441 SqFt
3 Beds
•2 Full Baths
John J Postma, Listing Office: RE/MAX of Grand Rapids (FH)
Is Cascade Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Cascade Charter Township has remained a Seller's Market.
Key Takeaway
Cascade Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascade Charter Township, MI
How much do homes in Cascade Charter Township, MI cost?
Median Sold Price
$560,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$37,455(+7.2%)
Key Takeaway
Homes in Cascade Charter Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Cascade Charter Township was $560,000 in August 2024, up 7.2% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $208K | - | N/A |
| 2 Bedrooms | $218K | $331.2K | +51.9% |
| 3 Bedrooms | $425K | $408K | -4.0% |
| 4 Bedrooms | $585K | $615K | +5.1% |
| 5+ Bedrooms | $669K | $872.5K | +30.4% |
Summary: Cascade Charter Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
| Ada | $583K | $635K | +8.9% |
| Ada Township | $573.7K | $625K | +8.9% |
| Cascade Charter Township | $522.5K | $560K | +7.2% |
| Kentwood | $300K | $317.2K | +5.8% |
| Caledonia Township | $389.9K | $395K | +1.3% |
Housing Supply in Cascade Charter Township, MI
How many homes are available in Cascade Charter Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 80 | 81 | +1.3% |
Summary: The Cascade Charter Township real estate market had 81 homes for sale in August 2024, a 1.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 19 | +26.7% |
| 4 Bedrooms | 32 | 32 | 0.0% |
| 5+ Bedrooms | 28 | 26 | -7.1% |
Summary: The Cascade Charter Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cascade Charter Township, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Cascade Charter Township in August 2024, down by 21.4% month-over-month. Of the 22 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% were sold over asking.
Days on Market for Cascade Charter Township, MI
How long does it take to sell a home in Cascade Charter Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +54.3% |
Summary: Homes in Cascade Charter Township had an average of 27 days on market in Aug 2024, up by 54.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cascade Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 22 homes were sold in Cascade Charter Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.