Is Montrose Charter 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, Montrose Charter Township has remained a Seller's Market.
Housing Prices in Montrose Charter Township, MI
How much do homes in Montrose Charter Township, MI cost?
Median Sold Price
$187,844
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montrose Charter Township was $187,844 in April 2024, up 7.3% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $140K | $111K | -20.7% |
3 Bedrooms | $175K | $189.9K | +8.5% |
4 Bedrooms | $260K | $245K | -5.8% |
5+ Bedrooms | $118.3K | $172.5K | +45.7% |
Summary: Montrose Charter 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 decreased by 20.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 45.7%.
Median Sold Price Compared To Nearby Cities
Montrose | $137.2K | $185K | +34.8% |
Burt | $150K | $180K | +20.0% |
Taymouth Township | $170K | $200K | +17.6% |
Vienna Charter Township | $199K | $219.9K | +10.5% |
Montrose Charter Township | $175K | $187.8K | +7.3% |
Housing Supply in Montrose Charter Township, MI
How many homes are available in Montrose Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Summary: The Montrose Charter Township real estate market had 28 homes for sale in April 2024, a 16.7% increase 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 | 14 | 18 | +28.6% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Montrose Charter 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 increased by 28.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Montrose Charter Township in April 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Montrose Charter Township, MI
How long does it take to sell a home in Montrose Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 17 Days | -63.3% |
Summary: Homes in Montrose Charter Township had an average of 17 days on market in Apr 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Montrose Charter Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.