$2,731 Closing Credit*
$230,000
1,896 SqFt
4 Beds
•2 Full Baths
Team Cole Muzyl & Cathy Han, Listing Office: Real Estate One of Gaylord
Is Elmira Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Elmira Township was a Seller's Market.
Key Takeaway
Elmira Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elmira Township, MI
How much do homes in Elmira Township, MI cost?
Median Sold Price
$255,000
$140/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since September 2023.
Key Takeaway
The sold price of homes in Elmira Township has remained the same since last year.
Summary: The median home sold price in Elmira Township was $255,000 in September 2024, the same as last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | - | N/A |
| 2 Bedrooms | $255.4K | $255K | -0.2% |
| 3 Bedrooms | $239K | $249.9K | +4.6% |
| 4 Bedrooms | $389K | $290K | -25.4% |
| 5+ Bedrooms | $495K | $807.5K | +63.1% |
Summary: Elmira Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 25.4%, and 5+ bedroom homes increased by 63.1%.
Median Sold Price Compared To Nearby Cities
| Hudson Township | $165K | $168.9K | +2.4% |
| Elmira | $245K | $249.9K | +2.0% |
| Elmira Township | $255K | $255K | 0.0% |
| Livingston Township | $259.9K | $258.5K | -0.6% |
Housing Supply in Elmira Township, MI
How many homes are available in Elmira Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 33 | 30 | -9.1% |
Summary: The Elmira Township real estate market had 30 homes for sale in September 2024, a 9.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Elmira Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elmira Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Elmira Township in September 2024, down by 62.5% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Elmira Township, MI
How long does it take to sell a home in Elmira Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +70.5% |
Summary: Homes in Elmira Township had an average of 37 days on market in Sep 2024, up by 70.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elmira Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Elmira Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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