Is Chandler Park Area, 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, Chandler Park Area has remained a Seller's Market.
Key Takeaway
Chandler Park Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chandler Park Area, MI
How much do homes in Chandler Park Area, MI cost?
Median Sold Price
$29,000
$21/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Chandler Park Area have sold for 53% less than they did a month ago.
Summary: The median home sold price in Chandler Park Area was $29,000 in April 2024, down 53% from last month, and the median price per square foot was $21.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $61.7K | $26.5K | -57.1% |
| 4 Bedrooms | - | $50K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chandler Park Area 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 decreased by 57.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chandler Park Area, MI
How many homes are available in Chandler Park Area, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Summary: The Chandler Park Area real estate market had 9 homes for sale in April 2024, a 28.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chandler Park Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chandler Park Area, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Chandler Park Area in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Chandler Park Area, MI
How long does it take to sell a home in Chandler Park Area, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 79 Days | 34 Days | -56.1% |
Summary: Homes in Chandler Park Area had an average of 34 days on market in Apr 2024, down by 56.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chandler Park Area are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Chandler Park Area; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
