Is Danby 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, Danby Township was a Buyer's Market.
Key Takeaway
Danby Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Danby Township, MI
How much do homes in Danby Township, MI cost?
Median Sold Price
$247,500
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Danby Township have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Danby Township was $247,500 in March 2024, up 2.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | $121.3K | +61.9% |
| 3 Bedrooms | $240K | $216.5K | -9.8% |
| 4 Bedrooms | $294.9K | $339K | +15.0% |
| 5+ Bedrooms | $385.5K | $478.2K | +24.1% |
Summary: Danby 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 61.9%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Portland | $216.5K | $240K | +10.9% |
| Portland Township | $220K | $242.5K | +10.2% |
| Danby Township | $242.5K | $247.5K | +2.1% |
| Eagle Township | $325K | $310K | -4.6% |
Housing Supply in Danby Township, MI
How many homes are available in Danby Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Summary: The Danby Township real estate market had 3 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Danby 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 remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
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 Danby 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 Danby Township in March 2024, up by 100.0% 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 Danby Township, MI
How long does it take to sell a home in Danby Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 17 Days | 133 Days | +682.4% |
Summary: Homes in Danby Township had an average of 133 days on market in Mar 2024, up by 682.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Danby Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Danby Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.