Is Chesaning Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chesaning Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Chesaning Township was a Seller's Market.

Key Takeaway

Chesaning Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Chesaning Township, MI

How much do homes in Chesaning Township, MI cost?

Median Sold Price

$170,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$2,000(+1.2%)

Key Takeaway

Homes in Chesaning Township have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Chesaning Township was $170,000 in September 2024, up 1.2% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $101.9K$340K
+233.7%
2 $100K$140K
+40.0%
3 $169K$171K
+1.2%
4 $219.5K$167K
-23.9%
5+ $282.5K$365K
+29.2%

Summary: Chesaning Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.7%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes increased by 29.2%.

Median Sold Price Compared To Nearby Cities

Saint Charles Township
+46.6%
Chesaning Township
+1.2%
Chesaning
+1.2%

Housing Supply in Chesaning Township, MI

How many homes are available in Chesaning Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2225+13.6%

Summary: The Chesaning Township real estate market had 25 homes for sale in September 2024, a 13.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 1416
+14.3%
4 76
-14.3%
5+ 00
0.0%

Summary: The Chesaning Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chesaning Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Chesaning Township in September 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% 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

Sep 2023Sep 2024CHANGE
21 Days12 Days-39.7%

Summary: Homes in Chesaning Township had an average of 12 days on market in Sep 2024, down by 39.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chesaning Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 3 homes were sold in Chesaning Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Chesaning Township, MI

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