Is Mundy Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mundy Township has remained a Seller's Market.
Key Takeaway
Mundy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mundy Township, MI
How much do homes in Mundy Township, MI cost?
Median Sold Price
$245,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mundy Township have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Mundy Township was $245,000 in March 2024, up 6.5% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | - | N/A |
| 2 Bedrooms | $169.9K | $181K | +6.5% |
| 3 Bedrooms | $225K | $235K | +4.4% |
| 4 Bedrooms | $265.9K | $292.9K | +10.2% |
| 5+ Bedrooms | $288.9K | $294.9K | +2.1% |
Summary: Mundy Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Burton | $150.6K | $161.4K | +7.1% |
| Mundy Township | $229.9K | $245K | +6.5% |
| Flint | $74.6K | $77.9K | +4.4% |
| Grand Blanc Charter Township | $250K | $260K | +4.0% |
| Flint Charter Township | $102.3K | $80K | -21.8% |
Housing Supply in Mundy Township, MI
How many homes are available in Mundy Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The Mundy Township real estate market had 78 homes for sale in March 2024, a 9.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 42 | 41 | -2.4% |
| 4 Bedrooms | 24 | 16 | -33.3% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Mundy Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mundy Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Mundy Township in March 2024, down by 4.8% month-over-month. Of the 20 sold homes, 30% were sold under asking, 40% were sold at asking, and 30% were sold over asking.
Days on Market for Mundy Township, MI
How long does it take to sell a home in Mundy Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 175 Days | 52 Days | -70.4% |
Summary: Homes in Mundy Township had an average of 52 days on market in Mar 2024, down by 70.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mundy Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Mundy Township; 60% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.