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 April 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
$335,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in DeWitt Charter Township was $335,000 in April 2024, up 3.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $189K | N/A |
2 Bedrooms | $148K | $205.9K | +39.2% |
3 Bedrooms | $280K | $275K | -1.8% |
4 Bedrooms | $387.5K | $400K | +3.2% |
5+ Bedrooms | $478K | $475K | -0.6% |
Summary: DeWitt 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 39.2%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
East Lansing | $268.9K | $284K | +5.6% |
DeWitt | $345K | $362.9K | +5.2% |
DeWitt Charter Township | $325K | $335K | +3.1% |
Housing Supply in DeWitt Charter Township, MI
How many homes are available in DeWitt Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 76 | +43.4% |
Summary: The DeWitt Charter Township real estate market had 76 homes for sale in April 2024, a 43.4% 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 | 5 | 10 | +100.0% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 20 | 27 | +35.0% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The DeWitt 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 100%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in DeWitt Charter Township in April 2024, up by 50.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 21% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 36 Days | +94.7% |
Summary: Homes in DeWitt Charter Township had an average of 36 days on market in Apr 2024, up by 94.7% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in DeWitt Charter Township; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.