$3,086 Closing Credit*
$259,900
1,542 SqFt
3 Beds
•1 Full Bath, 1 Partial
Zachary Soderberg, Listing Office: Five Star Real Estate - Lansing
Is Charlotte, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Charlotte has remained a Seller's Market.
Key Takeaway
Charlotte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Charlotte, MI
How much do homes in Charlotte, MI cost?
Median Sold Price
$212,250
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,250(+8.8%)
Key Takeaway
Homes in Charlotte have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Charlotte was $212,250 in November 2024, up 8.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.9K | $89K | +11.4% |
| 2 Bedrooms | $150K | $170.5K | +13.7% |
| 3 Bedrooms | $210K | $223K | +6.2% |
| 4 Bedrooms | $239.9K | $223.2K | -6.9% |
| 5+ Bedrooms | $244.9K | $325K | +32.7% |
Summary: Charlotte housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
| Eaton Township | $244.5K | $313.5K | +28.2% |
| Charlotte | $195K | $212.2K | +8.8% |
Housing Supply in Charlotte, MI
How many homes are available in Charlotte, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 88 | 75 | -14.8% |
Summary: The Charlotte real estate market had 75 homes for sale in November 2024, a 14.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 11 | -35.3% |
| 3 Bedrooms | 41 | 36 | -12.2% |
| 4 Bedrooms | 26 | 22 | -15.4% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Charlotte housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.3%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 14 | -54.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Charlotte, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Charlotte in November 2024, down by 54.8% month-over-month. Of the 14 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for Charlotte, MI
How long does it take to sell a home in Charlotte, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 38 Days | +167.4% |
Summary: Homes in Charlotte had an average of 38 days on market in Nov 2024, up by 167.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Charlotte are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 14 homes were sold in Charlotte; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.