Is Shelby Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since January 2022
Since last year, Shelby Charter Township has remained a Seller's Market.
Key Takeaway
Shelby Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Shelby Charter Township, MI cost?
Median Sold Price
$332,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since January 2022
Key Takeaway
Homes in Shelby Charter Township have sold for 1.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Jan 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | $85K | $133.7K | +57.4% |
| 2 Bedrooms | $210K | $233.5K | +11.2% |
| 3 Bedrooms | $295K | $320.9K | +8.8% |
| 4 Bedrooms | $450K | $517.7K | +15.0% |
| 5+ Bedrooms | $487.5K | $651.5K | +33.6% |
Median Sold Price Compared To Nearby Cities
| Macomb Township | $378.7K | $400.8K | +5.9% |
| Sterling Heights | $260K | $275K | +5.8% |
| Macomb | $378.8K | $400K | +5.6% |
| Utica | $225K | $235K | +4.4% |
| Shelby Charter Township | $337K | $332K | -1.5% |
How many homes are available in Shelby Charter Township, MI?
Number of Homes For Sale
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 170 | 163 | -4.1% |
Homes For Sale By Bedroom Count
| # BEDS | Dec 2022 | Jan 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 43 | 42 | -2.3% |
| 3 Bedrooms | 54 | 55 | +1.9% |
| 4 Bedrooms | 65 | 60 | -7.7% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Number of Homes Sold
| Dec 2022 | Jan 2023 | % |
|---|---|---|
| 56 | 37 | -33.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby Charter Township, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Average Sale Time
| Jan 2022 | Jan 2023 | % |
|---|---|---|
| 16 Days | 28 Days | +74.3% |
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Shelby Charter Township are selling fast, if you're buying plan to act quickly.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.