Is Delta Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Delta Charter Township has remained a Seller's Market.
Housing Prices in Delta Charter Township, MI
How much do homes in Delta Charter Township, MI cost?
Median Sold Price
$275,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Delta Charter Township was $275,000 in April 2024, up 8.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.9K | - | N/A |
2 Bedrooms | $188K | $202K | +7.4% |
3 Bedrooms | $234K | $270K | +15.4% |
4 Bedrooms | $300K | $310K | +3.3% |
5+ Bedrooms | $455K | $426.5K | -6.3% |
Summary: Delta Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Delta Charter Township | $254.5K | $275K | +8.1% |
Lansing | $140K | $148K | +5.8% |
Watertown Charter Township | $350K | $366.7K | +4.8% |
Lansing Charter Township | $139.9K | $145.9K | +4.3% |
DeWitt Charter Township | $325K | $335K | +3.1% |
Housing Supply in Delta Charter Township, MI
How many homes are available in Delta Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 85 | +2.4% |
Summary: The Delta Charter Township real estate market had 85 homes for sale in April 2024, a 2.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Delta Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 33 | +57.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Delta Charter Township in April 2024, up by 57.1% month-over-month. Of the 33 sold homes, 30% were sold under asking, 15% were sold at asking, and 55% were sold over asking.
Days on Market for Delta Charter Township, MI
How long does it take to sell a home in Delta Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +4.7% |
Summary: Homes in Delta Charter Township had an average of 26 days on market in Apr 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Delta Charter Township; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.