$2,078 Closing Credit*
$175,000
1,042 SqFt
3 Beds
•1 Full Bath
Joshua Bice, Listing Office: HOWARD HANNA REAL ESTATE SERVI
Is Concord Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Concord Township has remained a Seller's Market.
Key Takeaway
Concord Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord Township, MI
How much do homes in Concord Township, MI cost?
Median Sold Price
$235,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$500(+0.2%)
Key Takeaway
The sold price of homes in Concord Township has remained the same since last year.
Summary: The median home sold price in Concord Township was $235,000 in August 2024, up 0.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.5K | $138.5K | -22.8% |
| 2 Bedrooms | $187.7K | $165K | -12.1% |
| 3 Bedrooms | $199.5K | $249.9K | +25.3% |
| 4 Bedrooms | $262K | $290K | +10.7% |
| 5+ Bedrooms | $262.5K | $416K | +58.5% |
Summary: Concord Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.8%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
| Spring Arbor Township | $251.5K | $255K | +1.4% |
| Concord | $230K | $232.5K | +1.1% |
| Concord Township | $234.5K | $235K | 0.2% |
| Parma Township | $213.1K | $205.4K | -3.6% |
Housing Supply in Concord Township, MI
How many homes are available in Concord Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Summary: The Concord Township real estate market had 16 homes for sale in August 2024, a 20.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 13 | 10 | -23.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Concord Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Concord Township in August 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Concord Township, MI
How long does it take to sell a home in Concord Township, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 46 Days | 41 Days | -12.0% |
Summary: Homes in Concord Township had an average of 41 days on market in Aug 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Concord Township has remained consistent over time.
Summary: During August 2024, 5 homes were sold in Concord Township; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
