Is Chikaming 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, Chikaming Township was a Seller's Market.
Housing Prices in Chikaming Township, MI
How much do homes in Chikaming Township, MI cost?
Median Sold Price
$601,001
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chikaming Township was $601,001 in March 2024, up 0.2% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.7K | $298K | +20.3% |
2 Bedrooms | $430K | $515K | +19.8% |
3 Bedrooms | $605K | $601K | -0.7% |
4 Bedrooms | $804K | $899K | +11.8% |
5+ Bedrooms | $2.9M | $6.2M | +113.7% |
Summary: Chikaming Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 19.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 113.7%.
Median Sold Price Compared To Nearby Cities
Union Pier | $637.3K | $775K | +21.6% |
Chikaming Township | $600K | $601K | 0.2% |
Sawyer | $425K | $415.5K | -2.2% |
Housing Supply in Chikaming Township, MI
How many homes are available in Chikaming Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Summary: The Chikaming Township real estate market had 33 homes for sale in March 2024, a 32.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 7 | 13 | +85.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Chikaming 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 increased by 16.7%, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 14.3%, 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
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Chikaming Township in March 2024, the same as the previous 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 Chikaming Township, MI
How long does it take to sell a home in Chikaming Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
96 Days | 80 Days | -16.7% |
Summary: Homes in Chikaming Township had an average of 80 days on market in Mar 2024, down by 16.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Chikaming Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.