Is Monitor Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Monitor Charter Township has remained a Seller's Market.
Key Takeaway
Monitor Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Monitor Charter Township, MI
How much do homes in Monitor Charter Township, MI cost?
Median Sold Price
$204,450
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Monitor Charter Township have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Monitor Charter Township was $204,450 in June 2024, down 1.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $148.7K | $172.5K | +16.0% |
| 3 Bedrooms | $205.4K | $200K | -2.7% |
| 4 Bedrooms | $241.9K | $335.9K | +38.8% |
| 5+ Bedrooms | $494.3K | $240K | -51.5% |
Summary: Monitor Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 38.8%, and 5+ bedroom homes decreased by 51.5%.
Median Sold Price Compared To Nearby Cities
| Bangor Charter Township | $162.7K | $180K | +10.6% |
| Bay City | $124.8K | $130K | +4.2% |
| Monitor Charter Township | $206.8K | $204.4K | -1.1% |
Housing Supply in Monitor Charter Township, MI
How many homes are available in Monitor Charter Township, MI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Monitor Charter Township real estate market had 11 homes for sale in June 2024, a 21.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 4 | -55.6% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Monitor Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 55.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Monitor Charter Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Monitor Charter Township in June 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Monitor Charter Township, MI
How long does it take to sell a home in Monitor Charter Township, MI?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 105 Days | 16 Days | -84.8% |
Summary: Homes in Monitor Charter Township had an average of 16 days on market in Jun 2024, down by 84.8% compared to last year.
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
Key Takeaway
Many homes in Monitor Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 2 homes were sold in Monitor Charter Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.