Is Castleton 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, Castleton Township has remained a Seller's Market.
Key Takeaway
Castleton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Castleton Township, MI
How much do homes in Castleton Township, MI cost?
Median Sold Price
$182,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Castleton Township have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Castleton Township was $182,500 in March 2024, up 14.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $162.5K | +116.7% |
| 2 Bedrooms | $155K | $119.9K | -22.6% |
| 3 Bedrooms | $168.2K | $215K | +27.8% |
| 4 Bedrooms | $180K | $360K | +100.0% |
| 5+ Bedrooms | $235K | $165K | -29.8% |
Summary: Castleton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.7%, 2 bedroom homes decreased by 22.6%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 29.8%.
Median Sold Price Compared To Nearby Cities
| Vermontville Township | $155K | $200.9K | +29.6% |
| Castleton Township | $160K | $182.5K | +14.1% |
| Nashville | $176.5K | $185K | +4.8% |
| Hastings Charter Township | $241.5K | $220K | -8.9% |
Housing Supply in Castleton Township, MI
How many homes are available in Castleton Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The Castleton 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Castleton 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 decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Castleton Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Castleton Township in March 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Castleton Township, MI
How long does it take to sell a home in Castleton Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 19 Days | -69.8% |
Summary: Homes in Castleton Township had an average of 19 days on market in Mar 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Castleton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Castleton 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.
