Is Midland 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, Midland Charter Township has remained a Seller's Market.
Key Takeaway
Midland Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Midland Charter Township, MI
How much do homes in Midland Charter Township, MI cost?
Median Sold Price
$229,666
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Midland Charter Township have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Midland Charter Township was $229,666 in March 2024, up 21.5% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $63.5K | N/A |
| 2 Bedrooms | $114K | $134.5K | +18.0% |
| 3 Bedrooms | $188K | $191K | +1.6% |
| 4 Bedrooms | $350K | $298K | -14.9% |
| 5+ Bedrooms | $125K | $395K | +216.0% |
Summary: Midland Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 216%.
Median Sold Price Compared To Nearby Cities
| Midland Charter Township | $189K | $229.6K | +21.5% |
| Midland | $197.4K | $229.6K | +16.3% |
| Homer Township | $190K | $161.5K | -15.0% |
Housing Supply in Midland Charter Township, MI
How many homes are available in Midland Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Midland Charter Township real estate market had 62 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 9 | +125.0% |
| 3 Bedrooms | 25 | 32 | +28.0% |
| 4 Bedrooms | 17 | 14 | -17.6% |
| 5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Midland 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 increased by 125%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Midland Charter Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Midland Charter Township in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Midland Charter Township, MI
How long does it take to sell a home in Midland Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 33 Days | +1025.0% |
Summary: Homes in Midland Charter Township had an average of 33 days on market in Mar 2024, up by 1025% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Midland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Midland Charter Township; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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