Is DeWitt 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, DeWitt Charter Township has remained a Seller's Market.
Housing Prices in DeWitt Charter Township, MI
How much do homes in DeWitt Charter Township, MI cost?
Median Sold Price
$340,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in DeWitt Charter Township was $340,000 in March 2024, up 4.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $189K | N/A |
2 Bedrooms | $148K | $182K | +23.0% |
3 Bedrooms | $270K | $285K | +5.6% |
4 Bedrooms | $390K | $400K | +2.6% |
5+ Bedrooms | $478K | $475K | -0.6% |
Summary: DeWitt 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 23%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
DeWitt | $342K | $365K | +6.7% |
East Lansing | $265.5K | $280K | +5.5% |
DeWitt Charter Township | $326.3K | $340K | +4.2% |
Housing Supply in DeWitt Charter Township, MI
How many homes are available in DeWitt Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 48 | -4.0% |
Summary: The DeWitt Charter Township real estate market had 48 homes for sale in March 2024, a 4.0% decrease 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 | 3 | 5 | +66.7% |
3 Bedrooms | 26 | 19 | -26.9% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The DeWitt 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 increased by 66.7%, 3 bedroom homes decreased by 26.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 15 | -11.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in DeWitt Charter Township in March 2024, down by 11.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 20% were sold at asking, and 47% were sold over asking.
Days on Market for DeWitt Charter Township, MI
How long does it take to sell a home in DeWitt Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
13 Days | 5 Days | -56.9% |
Summary: Homes in DeWitt Charter Township had an average of 5 days on market in Mar 2024, down by 56.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in DeWitt Charter Township; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.