Is Escanaba Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Escanaba Township has remained a Seller's Market.
Housing Prices in Escanaba Township, MI
How much do homes in Escanaba Township, MI cost?
Median Sold Price
$165,250
$103/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Escanaba Township was $165,250 in April 2024, up 46.2% from last month, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122K | - | N/A |
3 Bedrooms | - | $159.2K | N/A |
4 Bedrooms | $110.2K | $235K | +113.2% |
5+ Bedrooms | $108K | $467K | +332.4% |
Summary: Escanaba Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 113.2%, and 5+ bedroom homes increased by 332.4%.
Median Sold Price Compared To Nearby Cities
Wells Township | $118K | $235K | +99.2% |
Escanaba Township | $113K | $165.2K | +46.2% |
Gladstone | $118K | $168.5K | +42.8% |
Housing Supply in Escanaba Township, MI
How many homes are available in Escanaba Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 27 | +50.0% |
Summary: The Escanaba Township real estate market had 27 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 4 | 11 | +175.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Escanaba Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 175%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Escanaba Township in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.
Days on Market for Escanaba Township, MI
How long does it take to sell a home in Escanaba Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 Day | 37 Days | +3675.0% |
Summary: Homes in Escanaba Township had an average of 37 days on market in Apr 2024, up by 3675% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Escanaba Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.