Is Perry Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Perry Township was a Seller's Market.
Housing Prices in Perry Township, MI
How much do homes in Perry Township, MI cost?
Median Sold Price
$252,500
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Perry Township was $252,500 in February 2024, up 8.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | - | N/A |
2 Bedrooms | $137.5K | $135.7K | -1.3% |
3 Bedrooms | $218K | $233.5K | +7.1% |
4 Bedrooms | $247.1K | $282K | +14.1% |
5+ Bedrooms | $418.6K | $510K | +21.8% |
Summary: Perry Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
Perry | $195K | $260K | +33.3% |
Perry Township | $232.5K | $252.5K | +8.6% |
Housing Supply in Perry Township, MI
How many homes are available in Perry Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Perry Township real estate market had 15 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Perry Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Perry Township in February 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Perry Township, MI
How long does it take to sell a home in Perry Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +29.5% |
Summary: Homes in Perry Township had an average of 39 days on market in Feb 2024, up by 29.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Perry Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.