Is Chesaning Township, 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, Chesaning Township was a Seller's Market.
Housing Prices in Chesaning Township, MI
How much do homes in Chesaning Township, MI cost?
Median Sold Price
$175,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chesaning Township was $175,000 in March 2024, up 4.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101.9K | - | N/A |
2 Bedrooms | $119.9K | $129.7K | +8.2% |
3 Bedrooms | $169K | $175K | +3.6% |
4 Bedrooms | $208.5K | $232.5K | +11.5% |
5+ Bedrooms | $282.5K | $400K | +41.6% |
Summary: Chesaning Township 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 increased by 8.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 41.6%.
Median Sold Price Compared To Nearby Cities
Chesaning | $145K | $175K | +20.7% |
Chesaning Township | $168K | $175K | +4.2% |
Maple Grove Township | $205K | $179.9K | -12.2% |
Saint Charles Township | $138K | $118.9K | -13.8% |
Housing Supply in Chesaning Township, MI
How many homes are available in Chesaning Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Summary: The Chesaning Township real estate market had 19 homes for sale in March 2024, the same as 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 | 11 | 10 | -9.1% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Chesaning 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 decreased by 9.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chesaning Township in March 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Chesaning Township, MI
How long does it take to sell a home in Chesaning Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 31 Days | -56.7% |
Summary: Homes in Chesaning Township had an average of 31 days on market in Mar 2024, down by 56.7% compared to last year.
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
Summary: During March 2024, 3 homes were sold in Chesaning Township; 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.