Is Mundy 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, Mundy Township has remained a Seller's Market.
Housing Prices in Mundy Township, MI
How much do homes in Mundy Township, MI cost?
Median Sold Price
$250,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mundy Township was $250,000 in June 2024, up 10.6% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $170K | $178K | +4.7% |
3 Bedrooms | $222K | $249.4K | +12.4% |
4 Bedrooms | $269.9K | $299.9K | +11.1% |
5+ Bedrooms | $287.9K | $295.9K | +2.8% |
Summary: Mundy 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 4.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Mundy Township | $226K | $250K | +10.6% |
Burton | $155K | $167.7K | +8.2% |
Grand Blanc Charter Township | $254.9K | $265K | +3.9% |
Flint Charter Township | $85.7K | $80.2K | -6.5% |
Flint | $82.6K | $76.8K | -7.0% |
Housing Supply in Mundy Township, MI
How many homes are available in Mundy Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
74 | 76 | +2.7% |
Summary: The Mundy Township real estate market had 76 homes for sale in June 2024, a 2.7% increase 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 | 15 | 13 | -13.3% |
3 Bedrooms | 40 | 44 | +10.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Mundy 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 decreased by 13.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Mundy Township in June 2024, down by 13.0% month-over-month. Of the 20 sold homes, 20% were sold under asking, 30% were sold at asking, and 50% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 33 Days | +75.0% |
Summary: Homes in Mundy Township had an average of 33 days on market in Jun 2024, up by 75% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 20 homes were sold in Mundy Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.