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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Climax Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Climax Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Climax Township, MI

How much do homes in Climax Township, MI cost?

Median Sold Price

$246,525

$143/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$21,525(+9.6%)

Key Takeaway

Homes in Climax Township have sold for 9.6% more than they did a month ago.

Summary: The median home sold price in Climax Township was $246,525 in February 2024, up 9.6% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 -$246.5K
N/A
3 -$200K
N/A
4 $225K-
N/A
5+ -$265K
N/A

Summary: Climax Township housing prices by bedroom type for February 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Climax Township
+9.6%
Climax
+3.3%
Wakeshma Township
-55.1%

Housing Supply in Climax Township, MI

How many homes are available in Climax Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
660.0%

Summary: The Climax Township real estate market had 6 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 12
+100.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Climax Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Climax Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Climax Township in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Climax Township, MI

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

Average Sale Time

Jan 2024Feb 2024CHANGE
46 Days35 Days-23.9%

Summary: Homes in Climax Township had an average of 35 days on market in Feb 2024, down by 23.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Avg time on Rocket Homes in Climax Township has remained consistent over time.

Summary: During February 2024, 3 homes were sold in Climax Township; 33% of homes were sold within 30 days, 67% 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 28 Days Ago

Newest Listings in Climax Township, MI

Nearby Markets to Climax Township, MI

What housing markets are near Climax Township, MI?