Is Napoleon 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, Napoleon Township has remained a Seller's Market.
Housing Prices in Napoleon Township, MI
How much do homes in Napoleon Township, MI cost?
Median Sold Price
$267,500
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Napoleon Township was $267,500 in March 2024, up 19.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $186.5K | +14.8% |
2 Bedrooms | $175K | $169.5K | -3.1% |
3 Bedrooms | $207K | $244.9K | +18.3% |
4 Bedrooms | $282.9K | $324.9K | +14.8% |
5+ Bedrooms | $287.5K | $375K | +30.4% |
Summary: Napoleon Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 30.4%.
Median Sold Price Compared To Nearby Cities
Napoleon Township | $223.5K | $267.5K | +19.7% |
Michigan Center | $179.9K | $191.7K | +6.6% |
Clarklake | $429.5K | $406.9K | -5.2% |
Grass Lake Charter Township | $361.3K | $330K | -8.7% |
Housing Supply in Napoleon Township, MI
How many homes are available in Napoleon Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 20 | +5.3% |
Summary: The Napoleon Township real estate market had 20 homes for sale in March 2024, a 5.3% increase 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 | 4 | 5 | +25.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Napoleon 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 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Napoleon Township in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% were sold over asking.
Days on Market for Napoleon Township, MI
How long does it take to sell a home in Napoleon Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 93 Days | +76.7% |
Summary: Homes in Napoleon Township had an average of 93 days on market in Mar 2024, up by 76.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Napoleon Township; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.