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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ganges Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Ganges Township was a Seller's Market.

Key Takeaway

Ganges Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ganges Township, MI

How much do homes in Ganges Township, MI cost?

Median Sold Price

$455,000

$297/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$105,000(-18.8%)

Key Takeaway

Homes in Ganges Township have sold for 18.7% less than they did a year ago.

Summary: The median home sold price in Ganges Township was $455,000 in February 2024, down 18.8% from last year, and the median price per square foot was $297.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $425K$724K
+70.4%
2 $252.5K$368K
+45.7%
3 $525K$399.9K
-23.8%
4 $600K$455K
-24.2%
5+ $828.6K$1.2M
+49.3%

Summary: Ganges Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.4%, 2 bedroom homes increased by 45.7%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 49.3%.

Median Sold Price Compared To Nearby Cities

Clyde Township
+26.0%
Saugatuck Township
+10.1%
Manlius Township
-4.7%
Ganges Township
-18.8%

Housing Supply in Ganges Township, MI

How many homes are available in Ganges Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
13130.0%

Summary: The Ganges Township real estate market had 13 homes for sale in February 2024, the same as January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 88
0.0%
4 12
+100.0%
5+ 33
0.0%

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

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ganges Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Ganges Township in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ganges Township, MI

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

Average Sale Time

Feb 2023Feb 2024CHANGE
246 Days8 Days-96.7%

Summary: Homes in Ganges Township had an average of 8 days on market in Feb 2024, down by 96.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ganges Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Ganges Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

Newest Listings in Ganges Township, MI

Nearby Markets to Ganges Township, MI

What housing markets are near Ganges Township, MI?