Is Lake Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lake Charter Township has remained a Seller's Market.
Housing Prices in Lake Charter Township, MI
How much do homes in Lake Charter Township, MI cost?
Median Sold Price
$172,250
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake Charter Township was $172,250 in March 2024, down 14.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.3K | $58.2K | -61.3% |
2 Bedrooms | $127K | $150K | +18.1% |
3 Bedrooms | $169.9K | $227K | +33.6% |
4 Bedrooms | $850K | $320K | -62.4% |
5+ Bedrooms | $615K | $455K | -26.0% |
Summary: Lake Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 33.6%, 4 bedroom homes decreased by 62.4%, and 5+ bedroom homes decreased by 26%.
Median Sold Price Compared To Nearby Cities
Baroda Township | $334.9K | $403.5K | +20.5% |
Bridgman | $314.5K | $338.7K | +7.7% |
Sawyer | $425K | $415.5K | -2.2% |
Lincoln Charter Township | $342.6K | $330K | -3.7% |
Lake Charter Township | $202K | $172.2K | -14.7% |
Housing Supply in Lake Charter Township, MI
How many homes are available in Lake Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Lake Charter Township real estate market had 35 homes for sale in March 2024, a 2.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Lake Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 38.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Lake Charter Township in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Lake Charter Township, MI
How long does it take to sell a home in Lake Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 92 Days | +20.0% |
Summary: Homes in Lake Charter Township had an average of 92 days on market in Mar 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Lake Charter Township; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.