Is Chippewa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Chippewa Township has remained a Seller's Market.
Housing Prices in Chippewa Township, MI
How much do homes in Chippewa Township, MI cost?
Median Sold Price
$165,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Chippewa Township was $165,000 in June 2024, up 17.9% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.5K | $215K | +27.6% |
2 Bedrooms | $135K | $134.8K | -0.1% |
3 Bedrooms | $150K | $233.5K | +55.7% |
4 Bedrooms | $299.9K | $855K | +185.0% |
5+ Bedrooms | - | - | N/A |
Summary: Chippewa Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.6%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 55.7%, 4 bedroom homes increased by 185%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rodney | $166K | $280K | +68.7% |
Martiny Township | $170K | $215K | +26.5% |
Chippewa Township | $140K | $165K | +17.9% |
Housing Supply in Chippewa Township, MI
How many homes are available in Chippewa Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The Chippewa Township real estate market had 11 homes for sale in June 2024, a 21.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Township housing inventory by bedroom type for June 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 28.6%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Chippewa Township in June 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
72 Days | 23 Days | -67.4% |
Summary: Homes in Chippewa Township had an average of 23 days on market in Jun 2024, down by 67.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 2 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.