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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cooper Charter Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Cooper Charter Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cooper Charter Township, MI

How much do homes in Cooper Charter Township, MI cost?

Median Sold Price

$257,500

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$28,000(+12.2%)

Key Takeaway

Homes in Cooper Charter Township have sold for 12.2% more than they did a year ago.

Summary: The median home sold price in Cooper Charter Township was $257,500 in September 2024, up 12.2% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $147.5K$100K
-32.2%
2 $158K$163.5K
+3.5%
3 $239.9K$235K
-2.0%
4 $225K$316K
+40.4%
5+ $339.9K$330K
-2.9%

Summary: Cooper Charter Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.2%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Cities

Parchment
+23.9%
Cooper Charter Township
+12.2%
Kalamazoo Charter Township
+7.2%
Richland Township
+2.6%
Gun Plain Township
+1.0%

Housing Supply in Cooper Charter Township, MI

How many homes are available in Cooper Charter Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2522-12.0%

Summary: The Cooper Charter Township real estate market had 22 homes for sale in September 2024, a 12.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 14
+300.0%
3 1610
-37.5%
4 67
+16.7%
5+ 11
0.0%

Summary: The Cooper Charter Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 300%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
107-30.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cooper Charter Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Cooper Charter Township in September 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for Cooper Charter Township, MI

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

Average Sale Time

Sep 2023Sep 2024CHANGE
8 Days11 Days+32.3%

Summary: Homes in Cooper Charter Township had an average of 11 days on market in Sep 2024, up by 32.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cooper Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Cooper 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Cooper Charter Township, MI

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