Is Solon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Solon Township has remained a Seller's Market.
Housing Prices in Solon Township, MI
How much do homes in Solon Township, MI cost?
Median Sold Price
$300,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Solon Township was $300,000 in June 2024, up 0.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $192.5K | $208.4K | +8.3% |
3 Bedrooms | $260K | $290K | +11.5% |
4 Bedrooms | $315K | $312K | -1.0% |
5+ Bedrooms | $335K | $396K | +18.2% |
Summary: Solon Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Nelson Township | $272.5K | $299K | +9.7% |
Ensley Township | $227.5K | $245K | +7.7% |
Cedar Springs | $285K | $299.4K | +5.1% |
Algoma Township | $390K | $392.5K | +0.6% |
Solon Township | $299K | $300K | 0.3% |
Housing Supply in Solon Township, MI
How many homes are available in Solon Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Summary: The Solon Township real estate market had 15 homes for sale in June 2024, a 25.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 8 | -33.3% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Solon Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Solon Township in June 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Solon Township, MI
How long does it take to sell a home in Solon Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
7 Days | 9 Days | +35.7% |
Summary: Homes in Solon Township had an average of 9 days on market in Jun 2024, up by 35.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 4 homes were sold in Solon Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.