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 April 2023
Since last year, Independence Charter Township has remained a Seller's Market.
Housing Prices in Independence Charter Township, MI
How much do homes in Independence Charter Township, MI cost?
Median Sold Price
$385,000
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Independence Charter Township was $385,000 in April 2024, up 3.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $239.9K | +2.1% |
3 Bedrooms | $315K | $333K | +5.7% |
4 Bedrooms | $505K | $480K | -5.0% |
5+ Bedrooms | $592K | $633K | +6.9% |
Summary: Independence 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 increased by 2.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Independence Charter Township | $371.4K | $385K | +3.7% |
Waterford | $244.4K | $250K | +2.3% |
Clarkston | $391.9K | $386.1K | -1.5% |
Springfield Charter Township | $391.2K | $370K | -5.4% |
Housing Supply in Independence Charter Township, MI
How many homes are available in Independence Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 96 | +31.5% |
Summary: The Independence Charter Township real estate market had 96 homes for sale in April 2024, a 31.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 10 | 8 | -20.0% |
3 Bedrooms | 33 | 51 | +54.5% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Independence Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 54.5%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Independence Charter Township in April 2024, up by 25.0% month-over-month. Of the 25 sold homes, 8% were sold under asking, 16% were sold at asking, and 76% were sold over asking.
Days on Market for Independence Charter Township, MI
How long does it take to sell a home in Independence Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
88 Days | 13 Days | -84.4% |
Summary: Homes in Independence Charter Township had an average of 13 days on market in Apr 2024, down by 84.4% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Independence Charter Township; 92% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.