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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Courtland Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Courtland Township, MI

How much do homes in Courtland Township, MI cost?

Median Sold Price

$450,000

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+5.9%)

Key Takeaway

Homes in Courtland Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Courtland Township was $450,000 in May 2024, up 5.9% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $235K$325K
+38.3%
3 $341K$359K
+5.3%
4 $433K$495K
+14.3%
5+ $500K$700K
+40.0%

Summary: Courtland Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 40%.

Median Sold Price Compared To Nearby Cities

Oakfield Township
+10.2%
Courtland Township
+5.9%
Cedar Springs
+3.7%
Rockford
+3.3%
Cannon Township
+1.8%

Housing Supply in Courtland Township, MI

How many homes are available in Courtland Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2437+54.2%

Summary: The Courtland Township real estate market had 37 homes for sale in May 2024, a 54.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 20
-100.0%
3 1014
+40.0%
4 815
+87.5%
5+ 48
+100.0%

Summary: The Courtland Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
414+250.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Courtland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Courtland Township in May 2024, up by 250.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Courtland Township, MI

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

Average Sale Time

May 2023May 2024CHANGE
50 Days48 Days-4.2%

Summary: Homes in Courtland Township had an average of 48 days on market in May 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 14 homes were sold in Courtland Township; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% 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 13 Days Ago

Newest Listings in Courtland Township, MI

Nearby Markets to Courtland Township, MI

What housing markets are near Courtland Township, MI?