Is Montcalm Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montcalm Township has remained a Seller's Market.
Key Takeaway
Montcalm Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montcalm Township, MI
How much do homes in Montcalm Township, MI cost?
Median Sold Price
$269,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montcalm Township have sold for 23.8% more than they did a year ago.
Summary: The median home sold price in Montcalm Township was $269,000 in April 2024, up 23.8% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $242.4K | +24.3% |
| 3 Bedrooms | $200.9K | $275K | +36.8% |
| 4 Bedrooms | $282.5K | $269.9K | -4.4% |
| 5+ Bedrooms | $570K | $389.2K | -31.7% |
Summary: Montcalm Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 36.8%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 31.7%.
Median Sold Price Compared To Nearby Cities
| Sidney Township | $180K | $240K | +33.3% |
| Montcalm Township | $217.2K | $269K | +23.8% |
| Pine Township | $250K | $290.4K | +16.2% |
| Eureka Township | $293K | $275K | -6.1% |
| Gowen | $290K | $250K | -13.8% |
Housing Supply in Montcalm Township, MI
How many homes are available in Montcalm Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Montcalm Township real estate market had 11 homes for sale in April 2024, a 8.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montcalm Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montcalm Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Montcalm Township in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Montcalm Township, MI
How long does it take to sell a home in Montcalm Township, MI?
Breakdown of Home Sale Times
4 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 Montcalm Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Montcalm Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
