Is Saint Joseph Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph Charter Township is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Saint Joseph Charter Township has remained a Seller's Market.

Key Takeaway

Saint Joseph Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Saint Joseph Charter Township, MI cost?

Median Sold Price

$231,312

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$23,312(+11.2%)

Key Takeaway

Homes in Saint Joseph Charter Township have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $89.1K$136K
+52.7%
2 $152K$170K
+11.8%
3 $194.9K$219.9K
+12.8%
4 $271K$297.5K
+9.8%
5+ $382K$515K
+34.8%

Median Sold Price Compared To Nearby Cities

Benton Charter Township
+20.0%
Saint Joseph
+16.2%
Saint Joseph Charter Township
+11.2%
Benton Harbor
+8.1%
Shoreham
-30.1%

How many homes are available in Saint Joseph Charter Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
6258-6.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 1914
-26.3%
3 2124
+14.3%
4 1513
-13.3%
5+ 77
0.0%

Number of Homes Sold

Apr 2022May 2022%
2521-16.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph Charter Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Saint Joseph Charter Township, MI

Homes for sale in Saint Joseph Charter Township, MI have reached 58. The number of listings in Saint Joseph Charter Township, MI decreased by 6.5% between April 2022 and May 2022. The median list price of listings available in May 2022 was $231,312, while the average time on the real estate market was 3 days. This housing market listing prices have changed between April 2022 and May 2022: 1 bedroom properties became 52.7% more expensive, 2 bedrooms properties prices increased by 11.8%, the cost of 3 bedrooms properties went up by 12.8%, 4 bedrooms properties became 9.8% more expensive, prices of 5 bedrooms properties went up by 34.8%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 26.3%, the quantity of 3 bedrooms homes went up by 14.3%, 4 bedrooms homes became 13.3% less available, 5 bedrooms homes inventory did not change. While more than 12 listings in Saint Joseph Charter Township, MI in May 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 8 were sold below.

Related Housing Market Reports