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 April 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
$155,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Genesee Charter Township was $155,000 in April 2024, up 10.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $5K | - | N/A |
2 Bedrooms | $114.9K | $106K | -7.7% |
3 Bedrooms | $143K | $155K | +8.4% |
4 Bedrooms | $178.1K | $185K | +3.9% |
5+ Bedrooms | $322.5K | $220K | -31.8% |
Summary: Genesee Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 31.8%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $109.4K | $130K | +18.8% |
Genesee Charter Township | $140K | $155K | +10.7% |
Flint | $74.9K | $77.6K | +3.6% |
Richfield Township | $233.5K | $241.4K | +3.4% |
Housing Supply in Genesee Charter Township, MI
How many homes are available in Genesee Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 52 | 0.0% |
Summary: The Genesee Charter Township real estate market had 52 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 36 | 35 | -2.8% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Genesee Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Genesee Charter Township in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
119 Days | 34 Days | -71.4% |
Summary: Homes in Genesee Charter Township had an average of 34 days on market in Apr 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Genesee Charter Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.