Is Courtland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Courtland Township has remained a Seller's Market.
Housing Prices in Courtland Township, MI
How much do homes in Courtland Township, MI cost?
Median Sold Price
$450,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Courtland Township was $450,000 in June 2024, up 8.4% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $325K | +38.3% |
3 Bedrooms | $362.5K | $355K | -2.1% |
4 Bedrooms | $435K | $462.5K | +6.3% |
5+ Bedrooms | $595.9K | $700K | +17.5% |
Summary: Courtland Township housing prices by bedroom type for June 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 decreased by 2.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
Cannon Township | $438.7K | $498K | +13.5% |
Oakfield Township | $320.5K | $360K | +12.3% |
Courtland Township | $415K | $450K | +8.4% |
Rockford | $400K | $428.3K | +7.1% |
Cedar Springs | $285K | $299.4K | +5.1% |
Housing Supply in Courtland Township, MI
How many homes are available in Courtland Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
37 | 19 | -48.6% |
Summary: The Courtland Township real estate market had 19 homes for sale in June 2024, a 48.6% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 5 | -64.3% |
4 Bedrooms | 15 | 9 | -40.0% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Courtland Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 64.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Courtland Township in June 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
140 Days | 11 Days | -91.8% |
Summary: Homes in Courtland Township had an average of 11 days on market in Jun 2024, down by 91.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Courtland Township; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.