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.
Key Takeaway
Chesaning Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
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
Key Takeaway
Homes in Chesaning Township have sold for 4.2% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Chesaning Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Chesaning Township are selling fast, if you're buying plan to act quickly.
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.
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.