Is Royalton 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, Royalton Township has remained a Seller's Market.
Housing Prices in Royalton Township, MI
How much do homes in Royalton Township, MI cost?
Median Sold Price
$415,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Royalton Township was $415,000 in March 2024, up 7.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $234.5K | $279.9K | +19.4% |
3 Bedrooms | $314.9K | $324.4K | +3.0% |
4 Bedrooms | $435K | $420K | -3.4% |
5+ Bedrooms | $425.8K | $546.2K | +28.3% |
Summary: Royalton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Saint Joseph Charter Township | $243K | $280K | +15.2% |
Royalton Township | $385K | $415K | +7.8% |
Benton Charter Township | $139.3K | $150K | +7.6% |
Sodus Township | $254.3K | $210K | -17.4% |
Sodus | $254.3K | $201.5K | -20.8% |
Housing Supply in Royalton Township, MI
How many homes are available in Royalton Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Summary: The Royalton Township real estate market had 21 homes for sale in March 2024, a 23.5% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Royalton 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Royalton Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Royalton Township, MI
How long does it take to sell a home in Royalton Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 116 Days | +194.3% |
Summary: Homes in Royalton Township had an average of 116 days on market in Mar 2024, up by 194.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Royalton Township; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.