Is Comstock Charter 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, Comstock Charter Township has remained a Seller's Market.
Key Takeaway
Comstock Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Comstock Charter Township, MI
How much do homes in Comstock Charter Township, MI cost?
Median Sold Price
$263,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Comstock Charter Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Comstock Charter Township was $263,000 in April 2024, up 9.6% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $77.3K | $122.5K | +58.4% |
| 2 Bedrooms | $122K | $141.5K | +16.0% |
| 3 Bedrooms | $231.5K | $249.9K | +8.0% |
| 4 Bedrooms | $283K | $299.9K | +6.0% |
| 5+ Bedrooms | $369K | $360K | -2.4% |
Summary: Comstock Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.4%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Kalamazoo Charter Township | $190.8K | $221.9K | +16.3% |
| Comstock Charter Township | $240K | $263K | +9.6% |
| Charleston Township | $255.2K | $271.2K | +6.3% |
| Richland Township | $339.9K | $355K | +4.4% |
| Galesburg | $284.9K | $271.5K | -4.7% |
Housing Supply in Comstock Charter Township, MI
How many homes are available in Comstock Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 42 | -17.6% |
Summary: The Comstock Charter Township real estate market had 42 homes for sale in April 2024, a 17.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 30 | 20 | -33.3% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Comstock Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Comstock Charter Township, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Comstock Charter Township in April 2024, down by 42.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Comstock Charter Township, MI
How long does it take to sell a home in Comstock Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 5 Days | -55.2% |
Summary: Homes in Comstock Charter Township had an average of 5 days on market in Apr 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Comstock Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Comstock Charter Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
