Is Independence Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Independence Charter Township has remained a Seller's Market.
Key Takeaway
Independence Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Independence Charter Township, MI cost?
Median Sold Price
$354,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Key Takeaway
Homes in Independence Charter Township have sold for 8.9% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | - | $3K | N/A |
| 2 Bedrooms | $285K | $215K | -24.6%  |
| 3 Bedrooms | $260K | $295K | +13.5% |
| 4 Bedrooms | $407K | $460.5K | +13.1% |
| 5+ Bedrooms | $509K | $659.9K | +29.6% |
Median Sold Price Compared To Nearby Cities
| % | |
|---|---|
| Springfield Charter Township | +11.0% |
| Clarkston | +10.5% |
| Waterford | +10.4% |
| Independence Charter Township | +8.9% |
How many homes are available in Independence Charter Township, MI?
Number of Homes For Sale
| Apr 2022 | May 2022 | % |
|---|---|---|
| 118 | 107 | -9.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 11 | +10.0%  |
| 3 Bedrooms | 51 | 38 | -25.5% |
| 4 Bedrooms | 45 | 43 | -4.4% |
| 5+ Bedrooms | 11 | 15 | +36.4% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 42 | 32 | -23.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Independence Charter Township, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Average Sale Time
| May 2021 | May 2022 | % |
|---|---|---|
| 13 Days | 17 Days | +24.7% |
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Independence Charter Township are selling fast, if you're buying plan to act quickly.
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