Is Dalton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Dalton Township has remained a Seller's Market.
Key Takeaway
Dalton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dalton Township, MI
How much do homes in Dalton Township, MI cost?
Median Sold Price
$257,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dalton Township have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Dalton Township was $257,000 in March 2024, up 7.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.5K | $213.2K | +22.9% |
| 2 Bedrooms | $180K | $180K | 0.0% |
| 3 Bedrooms | $225.5K | $240K | +6.4% |
| 4 Bedrooms | $285K | $294.2K | +3.2% |
| 5+ Bedrooms | $335K | $323K | -3.6% |
Summary: Dalton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Twin Lake | $250.1K | $270K | +7.9% |
| Dalton Township | $240K | $257K | +7.1% |
| Cedar Creek Township | $225K | $210.9K | -6.3% |
Housing Supply in Dalton Township, MI
How many homes are available in Dalton Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Summary: The Dalton Township real estate market had 29 homes for sale in March 2024, a 14.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Dalton 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 increased by 50%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dalton 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 Dalton Township in March 2024, down by 30.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Dalton Township, MI
How long does it take to sell a home in Dalton Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 77 Days | +85.5% |
Summary: Homes in Dalton Township had an average of 77 days on market in Mar 2024, up by 85.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dalton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Dalton Township; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
