Is Delhi Charter 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, Delhi Charter Township has remained a Seller's Market.
Key Takeaway
Delhi Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$273,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Delhi Charter Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Delhi Charter Township was $273,000 in March 2024, up 8.8% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | - | N/A |
| 2 Bedrooms | $147.5K | $152.3K | +3.3% |
| 3 Bedrooms | $241K | $265K | +10.0% |
| 4 Bedrooms | $309K | $338.3K | +9.5% |
| 5+ Bedrooms | $332K | $365K | +9.9% |
Summary: Delhi Charter 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 3.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Holt | $240K | $270K | +12.5% |
| Delhi Charter Township | $250.8K | $273K | +8.8% |
| Lansing | $140K | $145.1K | +3.7% |
| Lansing Charter Township | $140K | $144.9K | +3.6% |
| Alaiedon Township | $283.5K | $269.2K | -5.0% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Delhi Charter Township real estate market had 50 homes for sale in March 2024, a 4.2% increase 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 27 | 24 | -11.1% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Delhi Charter 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 28.6%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delhi Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Delhi Charter Township in March 2024, up by 38.5% month-over-month. Of the 18 sold homes, 50% were sold under asking, 11% were sold at asking, and 39% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 15 Days | -66.2% |
Summary: Homes in Delhi Charter Township had an average of 15 days on market in Mar 2024, down by 66.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Delhi Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Delhi Charter Township; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% 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.