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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chippewa Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Chippewa Township was a Neutral Market.

Key Takeaway

Chippewa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chippewa Township, MI

How much do homes in Chippewa Township, MI cost?

Median Sold Price

$262,000

$177/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$117,050(+80.8%)

Key Takeaway

Homes in Chippewa Township have sold for 80.8% more than they did a month ago.

Summary: The median home sold price in Chippewa Township was $262,000 in September 2024, up 80.8% from last month, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 -$219K
N/A
3 $144.9K$305K
+110.4%
4 --
N/A
5+ --
N/A

Summary: Chippewa Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 110.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chippewa Township
+80.8%
Geneva Township
-2.8%

Housing Supply in Chippewa Township, MI

How many homes are available in Chippewa Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1411-21.4%

Summary: The Chippewa Township real estate market had 11 homes for sale in September 2024, a 21.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 33
0.0%
3 108
-20.0%
4 10
-100.0%
5+ 00
0.0%

Summary: The Chippewa 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chippewa Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Chippewa Township in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Chippewa Township, MI

How long does it take to sell a home in Chippewa Township, MI?

Average Sale Time

Aug 2024Sep 2024CHANGE
98 Days32 Days-67.3%

Summary: Homes in Chippewa Township had an average of 32 days on market in Sep 2024, down by 67.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Chippewa Township; 50% of homes were sold within 30 days, 50% 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 30 Days Ago

Newest Listings in Chippewa Township, MI

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