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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nelson Township is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Nelson Township was a Seller's Market.

Key Takeaway

Nelson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Nelson Township, MI cost?

Median Sold Price

$260,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,100(+8.4%)

Key Takeaway

Homes in Nelson Township have sold for 8.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $196K-
N/A
2 $210K$152K
-27.6%
3 $239.9K$265K
+10.5%
4 $275K$275K
0.0%
5+ $350K$299K
-14.6%

Median Sold Price Compared To Nearby Cities

Courtland Township
+14.3%
Nelson Township
+8.4%

How many homes are available in Nelson Township, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
1321+61.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 03
+100.0%
2 23
+50.0%
3 710
+42.9%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nelson Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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

About Nelson Township, MI

Nelson Township, MI has 21 homes on the market. In November 2022 in Nelson Township, MI there were 61.5% more homes for sale than in October 2022. Listing prices have changed in this real estate market between October 2022 and November 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 27.6% more cheaper, the cost of 3 bedrooms properties went up by 10.5%, prices of 4 bedrooms properties remained the same, 5 bedrooms properties became 14.6% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 100%, the quantity of 2 bedrooms homes went up by 50%, 3 bedrooms homes became 42.9% more available, 4 bedrooms homes became 25% more available, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 0 listings in Nelson Township, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

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