Is Decatur 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, Decatur Township was a Buyer's Market.
Key Takeaway
Decatur Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Decatur Township, MI
How much do homes in Decatur Township, MI cost?
Median Sold Price
$179,900
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Decatur Township have sold for 19.9% more than they did a year ago.
Summary: The median home sold price in Decatur Township was $179,900 in March 2024, up 19.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $130K | +85.7% |
| 2 Bedrooms | $130K | $115K | -11.5% |
| 3 Bedrooms | $168K | $192.5K | +14.6% |
| 4 Bedrooms | $150K | $331.7K | +121.2% |
| 5+ Bedrooms | $108K | $293K | +171.3% |
Summary: Decatur Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 121.2%, and 5+ bedroom homes increased by 171.3%.
Median Sold Price Compared To Nearby Cities
| Decatur Township | $150K | $179.9K | +19.9% |
| Paw Paw Township | $215K | $245K | +14.0% |
| Antwerp Township | $290K | $295K | +1.7% |
| Porter Township | $358.7K | $349K | -2.7% |
Housing Supply in Decatur Township, MI
How many homes are available in Decatur Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Decatur Township real estate market had 11 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Decatur 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Decatur Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Decatur Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Decatur Township, MI
How long does it take to sell a home in Decatur Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Decatur Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Decatur Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
