Is Chandler Park, 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, Chandler Park was a Neutral Market.
Key Takeaway
Chandler Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chandler Park, MI
How much do homes in Chandler Park, MI cost?
Median Sold Price
$55,000
$45/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chandler Park have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Chandler Park was $55,000 in March 2024, down 5.2% from last year, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $22.5K | $16.7K | -25.6% |
| 3 Bedrooms | $69K | $55K | -20.3% |
| 4 Bedrooms | $46K | $100K | +117.4% |
| 5+ Bedrooms | - | $75K | N/A |
Summary: Chandler Park 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 decreased by 25.6%, 3 bedroom homes decreased by 20.3%, 4 bedroom homes increased by 117.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chandler Park | $58K | $55K | -5.2% |
| Morningside | $129.5K | $107K | -17.4% |
Housing Supply in Chandler Park, MI
How many homes are available in Chandler Park, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Summary: The Chandler Park real estate market had 17 homes for sale in March 2024, a 6.3% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Chandler Park 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 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chandler Park, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Chandler Park in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Chandler Park, MI
How long does it take to sell a home in Chandler Park, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chandler Park has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Chandler Park; 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.
