Is Millington 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, Millington Township has remained a Seller's Market.
Key Takeaway
Millington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Millington Township, MI
How much do homes in Millington Township, MI cost?
Median Sold Price
$176,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Millington Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Millington Township was $176,000 in March 2024, up 1.7% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $219.9K | +75.9% |
| 2 Bedrooms | $131.4K | $156.2K | +18.9% |
| 3 Bedrooms | $173K | $175K | +1.2% |
| 4 Bedrooms | $232K | $233K | 0.4% |
| 5+ Bedrooms | $220K | $246.3K | +12.0% |
Summary: Millington Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.9%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Cities
| Marathon Township | $205K | $249K | +21.5% |
| Millington | $162.9K | $176K | +8.0% |
| Millington Township | $173K | $176K | +1.7% |
| Vassar Township | $174.9K | $165K | -5.7% |
Housing Supply in Millington Township, MI
How many homes are available in Millington Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Summary: The Millington Township real estate market had 16 homes for sale in March 2024, a 77.8% 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 | 2 | 5 | +150.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Millington 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 150%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Millington Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Millington Township in March 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Millington Township, MI
How long does it take to sell a home in Millington Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 30 Days | -71.4% |
Summary: Homes in Millington Township had an average of 30 days on market in Mar 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Millington Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Millington Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
