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 March 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
$226,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Monitor Charter Township have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Monitor Charter Township was $226,500 in March 2024, up 16.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.4K | $151.2K | +10.0% |
| 3 Bedrooms | $195K | $212.5K | +9.0% |
| 4 Bedrooms | $244.9K | $264.9K | +8.1% |
| 5+ Bedrooms | $437K | $551.7K | +26.2% |
Summary: Monitor 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 10%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Cities
| Bay City | $110K | $130K | +18.2% |
| Monitor Charter Township | $195K | $226.5K | +16.2% |
| Bangor Charter Township | $172.4K | $178.5K | +3.5% |
Housing Supply in Monitor Charter Township, MI
How many homes are available in Monitor Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The Monitor Charter Township real estate market had 9 homes for sale in March 2024, a 50.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Monitor 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Monitor Charter Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Monitor Charter Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 5 Days | -88.6% |
Summary: Homes in Monitor Charter Township had an average of 5 days on market in Mar 2024, down by 88.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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 March 2024, 2 homes were sold in Monitor Charter Township; 100% of homes were sold within 30 days, 0% 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.