Is Flushing Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flushing Charter Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Flushing Charter Township has remained a Seller's Market.

Key Takeaway

Flushing Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Flushing Charter Township, MI

How much do homes in Flushing Charter Township, MI cost?

Median Sold Price

$217,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$3,000(-1.4%)

Key Takeaway

Homes in Flushing Charter Township have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Flushing Charter Township was $217,000 in February 2024, down 1.4% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $50K$93K
+86.0%
2 $165K$166.7K
+1.0%
3 $207K$214K
+3.4%
4 $277.5K$270K
-2.7%
5+ $331.8K$345K
+4.0%

Summary: Flushing Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 4%.

Median Sold Price Compared To Nearby Cities

Mount Morris Township
+13.5%
Flushing
+8.9%
Montrose Charter Township
+8.6%
Vienna Charter Township
+7.8%
Flushing Charter Township
-1.4%

Housing Supply in Flushing Charter Township, MI

How many homes are available in Flushing Charter Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6662-6.1%

Summary: The Flushing Charter Township real estate market had 62 homes for sale in February 2024, a 6.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 1613
-18.8%
3 3837
-2.6%
4 1111
0.0%
5+ 10
-100.0%

Summary: The Flushing Charter Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2016-20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flushing Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Flushing Charter Township in February 2024, down by 20.0% month-over-month. Of the 16 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Flushing Charter Township, MI

How long does it take to sell a home in Flushing Charter Township, MI?

Average Sale Time

Feb 2023Feb 2024CHANGE
38 Days50 Days+32.9%

Summary: Homes in Flushing Charter Township had an average of 50 days on market in Feb 2024, up by 32.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Flushing Charter Township has remained consistent over time.

Summary: During February 2024, 16 homes were sold in Flushing Charter Township; 38% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Flushing Charter Township, MI

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