Is Marshall 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, Marshall Township has remained a Seller's Market.
Housing Prices in Marshall Township, MI
How much do homes in Marshall Township, MI cost?
Median Sold Price
$240,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marshall Township was $240,000 in April 2024, up 9.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.5K | - | N/A |
2 Bedrooms | $159.9K | $174.9K | +9.4% |
3 Bedrooms | $195.5K | $225K | +15.1% |
4 Bedrooms | $297.2K | $309.9K | +4.3% |
5+ Bedrooms | $299.9K | $345K | +15.0% |
Summary: Marshall 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 9.4%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Marshall | $200K | $241K | +20.5% |
Marshall Township | $220K | $240K | +9.1% |
Marengo Township | $247.5K | $260K | +5.1% |
Housing Supply in Marshall Township, MI
How many homes are available in Marshall Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 57 | -3.4% |
Summary: The Marshall Township real estate market had 57 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 30 | 29 | -3.3% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Marshall 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 decreased by 18.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Marshall Township in April 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Marshall Township, MI
How long does it take to sell a home in Marshall Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 28 Days | +140.7% |
Summary: Homes in Marshall Township had an average of 28 days on market in Apr 2024, up by 140.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Marshall Township; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.