Is Coloma Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Coloma Charter Township has remained a Seller's Market.
Key Takeaway
Coloma Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coloma Charter Township, MI
How much do homes in Coloma Charter Township, MI cost?
Median Sold Price
$249,900
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Coloma Charter Township have sold for 19.7% more than they did a year ago.
Summary: The median home sold price in Coloma Charter Township was $249,900 in March 2024, up 19.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $170K | $220K | +29.4% |
| 3 Bedrooms | $193.4K | $249.9K | +29.2% |
| 4 Bedrooms | $315K | $299.9K | -4.8% |
| 5+ Bedrooms | $335K | $359.8K | +7.4% |
Summary: Coloma Charter 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 29.4%, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Coloma | $185K | $249.9K | +35.1% |
| Coloma Charter Township | $208.7K | $249.9K | +19.7% |
| Watervliet Township | $205K | $229K | +11.7% |
Housing Supply in Coloma Charter Township, MI
How many homes are available in Coloma Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Summary: The Coloma Charter Township real estate market had 40 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 16 | 21 | +31.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Coloma Charter 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 9.1%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coloma Charter Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Coloma Charter Township in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Coloma Charter Township, MI
How long does it take to sell a home in Coloma Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 62 Days | 35 Days | -43.4% |
Summary: Homes in Coloma Charter Township had an average of 35 days on market in Mar 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Coloma Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Coloma Charter Township; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
