Is Sumpter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumpter Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sumpter Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Sumpter Township, MI

How much do homes in Sumpter Township, MI cost?

Median Sold Price

$279,900

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,400(+7.0%)

Key Takeaway

Homes in Sumpter Township have sold for 7% more than they did a year ago.

Summary: The median home sold price in Sumpter Township was $279,900 in November 2024, up 7% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $152.5K$187.5K
+23.0%
3 $244.5K$279.9K
+14.5%
4 $320K$318K
-0.6%
5+ $444.5K$282.5K
-36.4%

Summary: Sumpter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 14.5%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 36.4%.

Median Sold Price Compared To Nearby Cities

Sumpter Township
+7.0%
Huron Charter Township
+5.6%
Van Buren Charter Township
-7.3%

Housing Supply in Sumpter Township, MI

How many homes are available in Sumpter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3035+16.7%

Summary: The Sumpter Township real estate market had 35 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 32
-33.3%
3 1820
+11.1%
4 14
+300.0%
5+ 67
+16.7%

Summary: The Sumpter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumpter Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sumpter Township in November 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Sumpter Township, MI

How long does it take to sell a home in Sumpter Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days19 Days-11.4%

Summary: Homes in Sumpter Township had an average of 19 days on market in Nov 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Sumpter Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Sumpter Township, MI

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