Is Genesee Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Genesee Charter Township has remained a Seller's Market.
Housing Prices in Genesee Charter Township, MI
How much do homes in Genesee Charter Township, MI cost?
Median Sold Price
$159,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Genesee Charter Township was $159,000 in February 2024, up 13.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $5K | - | N/A |
2 Bedrooms | $107.9K | $106K | -1.8% |
3 Bedrooms | $150K | $155K | +3.3% |
4 Bedrooms | $167K | $185K | +10.8% |
5+ Bedrooms | $270K | $230K | -14.8% |
Summary: Genesee Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $89.9K | $130K | +44.6% |
Flint | $65K | $79.9K | +23.1% |
Genesee Charter Township | $140K | $159K | +13.6% |
Richfield Township | $220K | $247K | +12.3% |
Housing Supply in Genesee Charter Township, MI
How many homes are available in Genesee Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
54 | 47 | -13.0% |
Summary: The Genesee Charter Township real estate market had 47 homes for sale in February 2024, a 13.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 5 | -54.5% |
3 Bedrooms | 33 | 34 | +3.0% |
4 Bedrooms | 8 | 6 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Genesee Charter 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 54.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 11 | -31.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Genesee Charter Township in February 2024, down by 31.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Genesee Charter Township, MI
How long does it take to sell a home in Genesee Charter Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
77 Days | 46 Days | -40.1% |
Summary: Homes in Genesee Charter Township had an average of 46 days on market in Feb 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in Genesee Charter Township; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.