Is Superior 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
Since last year, Superior Charter Township has remained a Seller's Market.
Housing Prices in Superior Charter Township, MI
How much do homes in Superior Charter Township, MI cost?
Median Sold Price
$350,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Superior Charter Township was $350,000 in March 2024, up 9.4% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $182.5K | -6.4% |
3 Bedrooms | $308.2K | $327K | +6.1% |
4 Bedrooms | $325K | $404.9K | +24.6% |
5+ Bedrooms | $800K | $985K | +23.1% |
Summary: Superior Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
Superior Charter Township | $320K | $350K | +9.4% |
Ann Arbor Charter Township | $454.7K | $490K | +7.8% |
Canton Charter Township | $350K | $368.9K | +5.4% |
Canton | $350K | $368.5K | +5.3% |
Ypsilanti Charter Township | $265K | $274K | +3.4% |
Housing Supply in Superior Charter Township, MI
How many homes are available in Superior Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Superior Charter Township real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Superior Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Superior Charter Township in March 2024, up by 120.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Superior Charter Township, MI
How long does it take to sell a home in Superior Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
15 Days | 23 Days | +52.3% |
Summary: Homes in Superior Charter Township had an average of 23 days on market in Mar 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Superior Charter Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.