Is Egelston 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, Egelston Township has remained a Seller's Market.
Housing Prices in Egelston Township, MI
How much do homes in Egelston Township, MI cost?
Median Sold Price
$199,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Egelston Township was $199,000 in March 2024, up 3.1% 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 | - | - | N/A |
2 Bedrooms | $147.4K | $159.5K | +8.2% |
3 Bedrooms | $199.9K | $182.5K | -8.7% |
4 Bedrooms | $236.2K | $301.5K | +27.6% |
5+ Bedrooms | $375K | $360K | -4.0% |
Summary: Egelston 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 8.2%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Twin Lake | $250.1K | $270K | +7.9% |
Sullivan Township | $247.5K | $266.5K | +7.7% |
Egelston Township | $193K | $199K | +3.1% |
Cedar Creek Township | $225K | $210.9K | -6.3% |
Housing Supply in Egelston Township, MI
How many homes are available in Egelston Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 23 | -8.0% |
Summary: The Egelston Township real estate market had 23 homes for sale in March 2024, a 8.0% 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 | 7 | 8 | +14.3% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Egelston 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Egelston Township in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Egelston Township, MI
How long does it take to sell a home in Egelston Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 25 Days | -61.1% |
Summary: Homes in Egelston Township had an average of 25 days on market in Mar 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
7 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, 8 homes were sold in Egelston Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.