Is South Haven Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Haven Charter Township was a Seller's Market.
Key Takeaway
South Haven Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Haven Charter Township, MI
How much do homes in South Haven Charter Township, MI cost?
Median Sold Price
$407,500
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Haven Charter Township have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in South Haven Charter Township was $407,500 in March 2024, up 16.4% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.9K | $293K | +24.8% |
| 2 Bedrooms | $286.2K | $360K | +25.8% |
| 3 Bedrooms | $312.5K | $348.7K | +11.6% |
| 4 Bedrooms | $400K | $500K | +25.0% |
| 5+ Bedrooms | $755K | $740K | -2.0% |
Summary: South Haven Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.8%, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| South Haven Charter Township | $350K | $407.5K | +16.4% |
| Geneva Township | $260K | $285K | +9.6% |
| South Haven | $386K | $407.5K | +5.6% |
| Casco Township | $395K | $410K | +3.8% |
Housing Supply in South Haven Charter Township, MI
How many homes are available in South Haven Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 84 | 94 | +11.9% |
Summary: The South Haven Charter Township real estate market had 94 homes for sale in March 2024, a 11.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 2 | -60.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 23 | 28 | +21.7% |
| 5+ Bedrooms | 21 | 30 | +42.9% |
Summary: The South Haven Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Haven Charter Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in South Haven Charter Township in March 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for South Haven Charter Township, MI
How long does it take to sell a home in South Haven Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 47 Days | -30.2% |
Summary: Homes in South Haven Charter Township had an average of 47 days on market in Mar 2024, down by 30.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Haven Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in South Haven Charter Township; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
