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 June 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
$169,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Montrose Charter Township was $169,000 in June 2024, down 3.4% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | - | N/A |
2 Bedrooms | $118K | $127.5K | +8.1% |
3 Bedrooms | $170.9K | $172K | +0.6% |
4 Bedrooms | $260K | $245K | -5.8% |
5+ Bedrooms | $159.1K | $145K | -8.9% |
Summary: Montrose Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Cities
Burt | $159K | $186.2K | +17.1% |
Taymouth Township | $179K | $194.5K | +8.7% |
Vienna Charter Township | $205K | $218.5K | +6.6% |
Montrose | $168K | $165K | -1.8% |
Montrose Charter Township | $175K | $169K | -3.4% |
Housing Supply in Montrose Charter Township, MI
How many homes are available in Montrose Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 22 | -4.3% |
Summary: The Montrose Charter Township real estate market had 22 homes for sale in June 2024, a 4.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 15 | 13 | -13.3% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Montrose Charter Township housing inventory by bedroom type for June 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 13.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Montrose Charter Township in June 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
31 Days | 43 Days | +39.4% |
Summary: Homes in Montrose Charter Township had an average of 43 days on market in Jun 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 4 homes were sold in Montrose Charter Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.