Is Monterey Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Monterey Township has remained a Seller's Market.
Housing Prices in Monterey Township, MI
How much do homes in Monterey Township, MI cost?
Median Sold Price
$297,000
$245/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Monterey Township was $297,000 in February 2024, up 14.2% from last month, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $235K | $213K | -9.4% |
4 Bedrooms | $270K | - | N/A |
5+ Bedrooms | $250K | $381K | +52.4% |
Summary: Monterey Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 52.4%.
Median Sold Price Compared To Nearby Cities
Monterey Township | $260K | $297K | +14.2% |
Hopkins Township | $240K | $173.5K | -27.7% |
Housing Supply in Monterey Township, MI
How many homes are available in Monterey Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Summary: The Monterey Township real estate market had 4 homes for sale in February 2024, a 50.0% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 3 | -40.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Monterey Township housing inventory by bedroom type for February 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 40%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Monterey Township in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Monterey Township, MI
How long does it take to sell a home in Monterey Township, MI?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
23 Days | 7 Days | -68.4% |
Summary: Homes in Monterey Township had an average of 7 days on market in Feb 2024, down by 68.4% compared to last month.
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
Summary: During February 2024, 2 homes were sold in Monterey 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.