Is Mundy Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mundy Township is a seller's market

Buyer's
Market

Difference Since May 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

$250,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,683(+7.6%)

Key Takeaway

Homes in Mundy Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Mundy Township was $250,000 in May 2024, up 7.6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $70K-
N/A
2 $170K$178K
+4.7%
3 $224K$246K
+9.8%
4 $269.4K$299.9K
+11.3%
5+ $288.9K$295.9K
+2.4%

Summary: Mundy Township housing prices by bedroom type for May 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 9.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Mundy Township
+7.6%
Grand Blanc Charter Township
+5.9%
Burton
+4.9%
Flint
-8.3%
Flint Charter Township
-8.5%

Housing Supply in Mundy Township, MI

How many homes are available in Mundy Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7976-3.8%

Summary: The Mundy Township real estate market had 76 homes for sale in May 2024, a 3.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1815
-16.7%
3 3944
+12.8%
4 1512
-20.0%
5+ 75
-28.6%

Summary: The Mundy Township housing inventory by bedroom type for May 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 12.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2621-19.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mundy Township, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 21 homes were sold or pending in Mundy Township in May 2024, down by 19.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 43% were sold at asking, and 33% 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

May 2023May 2024CHANGE
39 Days26 Days-33.7%

Summary: Homes in Mundy Township had an average of 26 days on market in May 2024, down by 33.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mundy Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Mundy Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Mundy Township, MI

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