Is Monitor Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monitor Charter Township is a 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

+$31,500(+16.2%)

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $137.4K$151.2K
+10.0%
3 $195K$212.5K
+9.0%
4 $244.9K$264.9K
+8.1%
5+ $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
+18.2%
Monitor Charter Township
+16.2%
Bangor Charter Township
+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 2024Mar 2024CHANGE
69+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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 33
0.0%
4 34
+33.3%
5+ 01
+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 2024Mar 2024CHANGE
12+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
44 Days5 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Monitor Charter Township, MI

Nearby Markets to Monitor Charter Township, MI

What housing markets are near Monitor Charter Township, MI?