$2,850 Closing Credit*
$240,000
1,076 SqFt
3 Beds
•2 Full Baths
Karri Ann Schmehil, Listing Office: Coldwell Banker Woodland Schmidt Whitehall
Is Montague Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Montague Township was a Seller's Market.
Key Takeaway
Montague Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montague Township, MI
How much do homes in Montague Township, MI cost?
Median Sold Price
$275,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,100(+25.1%)
Key Takeaway
Homes in Montague Township have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Montague Township was $275,000 in September 2024, up 25.1% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $162K | $207K | +27.8% |
| 3 Bedrooms | $227.5K | $274.8K | +20.8% |
| 4 Bedrooms | $239.9K | $337K | +40.5% |
| 5+ Bedrooms | $351.4K | $331K | -5.8% |
Summary: Montague Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Montague Township | $219.9K | $275K | +25.1% |
| Montague | $219.9K | $275K | +25.1% |
| Fruitland Township | $289K | $334.9K | +15.9% |
| Whitehall | $289K | $300K | +3.8% |
| Whitehall Township | $289K | $300K | +3.8% |
Housing Supply in Montague Township, MI
How many homes are available in Montague Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Montague Township real estate market had 30 homes for sale in September 2024, a 11.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 19 | 15 | -21.1% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Montague Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montague Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Montague Township in September 2024, down by 70.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Montague Township, MI
How long does it take to sell a home in Montague Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 35 Days | 17 Days | -50.3% |
Summary: Homes in Montague Township had an average of 17 days on market in Sep 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montague Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Montague Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
