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 June 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
$154,400
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Genesee Charter Township was $154,400 in June 2024, up 7.7% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $93.7K | $112.9K | +20.5% |
3 Bedrooms | $149K | $152.5K | +2.3% |
4 Bedrooms | $183.5K | $196K | +6.8% |
5+ Bedrooms | $192.5K | $225K | +16.9% |
Summary: Genesee Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
Genesee | $112.9K | $158.5K | +40.3% |
Mount Morris | $115K | $133.4K | +16.0% |
Genesee Charter Township | $143.4K | $154.4K | +7.7% |
Richfield Township | $235K | $237K | +0.9% |
Flint | $82.6K | $76.8K | -7.0% |
Housing Supply in Genesee Charter Township, MI
How many homes are available in Genesee Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
56 | 61 | +8.9% |
Summary: The Genesee Charter Township real estate market had 61 homes for sale in June 2024, a 8.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 30 | 36 | +20.0% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Genesee Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Genesee Charter Township in June 2024, down by 13.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 34 Days | +47.3% |
Summary: Homes in Genesee Charter Township had an average of 34 days on market in Jun 2024, up by 47.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Genesee Charter Township; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.