Is Colon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Colon Township has remained a Seller's Market.
Key Takeaway
Colon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colon Township, MI
How much do homes in Colon Township, MI cost?
Median Sold Price
$194,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Colon Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Colon Township was $194,500 in April 2024, up 12.4% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63.5K | - | N/A |
| 2 Bedrooms | $191.2K | $217K | +13.5% |
| 3 Bedrooms | $171.5K | $185K | +7.9% |
| 4 Bedrooms | $153.9K | $179.5K | +16.6% |
| 5+ Bedrooms | $164K | $330K | +101.2% |
Summary: Colon Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 101.2%.
Median Sold Price Compared To Nearby Cities
| Colon | $165.7K | $189.5K | +14.3% |
| Colon Township | $173K | $194.5K | +12.4% |
| Matteson Township | $274K | $191.5K | -30.1% |
Housing Supply in Colon Township, MI
How many homes are available in Colon Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 15 | +15.4% |
Summary: The Colon Township real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Colon Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colon Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Colon Township in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Colon Township, MI
How long does it take to sell a home in Colon Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Colon Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Colon Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
