Is Courtland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Courtland Township was a Seller's Market.
Key Takeaway
Courtland Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Courtland Township, MI
How much do homes in Courtland Township, MI cost?
Median Sold Price
$445,000
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Courtland Township have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Courtland Township was $445,000 in March 2024, up 7.2% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $299K | +27.2% |
| 3 Bedrooms | $341K | $357K | +4.7% |
| 4 Bedrooms | $424K | $455K | +7.3% |
| 5+ Bedrooms | $480K | $657.5K | +37.0% |
Summary: Courtland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
| Cedar Springs | $275K | $299K | +8.7% |
| Rockford | $388.5K | $419.1K | +7.9% |
| Courtland Township | $415K | $445K | +7.2% |
| Cannon Township | $437.8K | $450K | +2.8% |
| Oakfield Township | $315K | $322K | +2.2% |
Housing Supply in Courtland Township, MI
How many homes are available in Courtland Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Courtland Township real estate market had 14 homes for sale in March 2024, a 6.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Courtland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
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 2 homes were sold or pending in Courtland Township in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 18 Days | +24.1% |
Summary: Homes in Courtland Township had an average of 18 days on market in Mar 2024, up by 24.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Courtland Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Courtland Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
