Is Echo 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, Echo Township has remained a Seller's Market.
Key Takeaway
Echo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Echo Township, MI
How much do homes in Echo Township, MI cost?
Median Sold Price
$312,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Echo Township have sold for 1% more than they did a year ago.
Summary: The median home sold price in Echo Township was $312,000 in March 2024, up 1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $111.5K | - | N/A |
| 2 Bedrooms | $157.5K | $114.5K | -27.3% |
| 3 Bedrooms | $358.1K | $498K | +39.0% |
| 4 Bedrooms | $309K | $375K | +21.4% |
| 5+ Bedrooms | $400K | $312K | -22.0% |
Summary: Echo 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 decreased by 27.3%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 22%.
Housing Supply in Echo Township, MI
How many homes are available in Echo Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Summary: The Echo Township real estate market had 4 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Echo 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Echo Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Echo Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Echo Township, MI
We’re sorry, we don't have information for this market at the moment
