Is Cedar Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cedar Township has remained a Seller's Market.
Housing Prices in Cedar Township, MI
How much do homes in Cedar Township, MI cost?
Median Sold Price
$667,500
$234/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Cedar Township was $667,500 in April 2024, up 62% from last month, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $412K | $1.2M | +202.7% |
4 Bedrooms | - | $667.5K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Cedar Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 202.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rose Lake Township | $77.5K | $378K | +387.7% |
Cedar Township | $412K | $667.5K | +62.0% |
Osceola Township | $280K | $65.9K | -76.5% |
Housing Supply in Cedar Township, MI
How many homes are available in Cedar Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 18 | 0.0% |
Summary: The Cedar Township real estate market had 18 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cedar Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Cedar Township in April 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Cedar Township, MI
How long does it take to sell a home in Cedar Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 Days | 110 Days | 0.2% |
Summary: Homes in Cedar Township had an average of 110 days on market in Apr 2024, up by 0.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Cedar Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.