Is Madison Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Madison Charter Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Madison Charter Township has remained a Seller's Market.

Key Takeaway

Madison Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Madison Charter Township, MI cost?

Median Sold Price

$207,750

$146/sqft

Based on all homes sold in April 2022.

Difference Since Last Month

-$46,700(-18.4%)

Key Takeaway

Homes in Madison Charter Township have sold for 18.4% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2022Apr 2022%
1 --
N/A
2 $140K-
N/A
3 $301.9K$207.7K
-31.2%
4 $254.4K-
N/A
5+ $54K-
N/A

How many homes are available in Madison Charter Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
139-30.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 32
-33.3%
3 67
+16.7%
4 30
-100.0%
5+ 10
-100.0%

Number of Homes Sold

Mar 2022Apr 2022%
82-75.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Madison Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Mar 2022Apr 2022%
69 Days26 Days-62.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Madison Charter Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Madison Charter Township, MI

Madison Charter Township, MI has 9 homes for sale to choose from. Between March 2022 and April 2022, Madison Charter Township, MI real estate market has seen decrease in the number of listings by 30.8%. In April 2022, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $207,750. Real estate listing prices changed between April 2021 and April 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 0% more expensive, the cost of 3 bedrooms properties went down by 31.2%, 4 bedrooms properties became 0% more expensive, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 33.3%, number of 3 bedrooms homes increased by 16.7%, volume of 4 bedrooms homes went down by 100%, 5 bedrooms homes became 100% less available. In April 2022 more than 1 listings in Madison Charter Township, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below.

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