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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Superior Charter Township is a seller's market

Buyer's
Market

Difference Since May 2022

Since last year, Superior Charter Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Superior Charter Township, MI cost?

Median Sold Price

$323,995

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$29,661(+10.1%)

Key Takeaway

Homes in Superior Charter Township have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $170K-
N/A
2 $142K$198K
+39.4%
3 $275K$316.2K
+15.0%
4 $316.9K$335.7K
+5.9%
5+ $700K$867K
+23.9%

Median Sold Price Compared To Nearby Cities

Ypsilanti Charter Township
+13.3%
Superior Charter Township
+10.1%
Canton Charter Township
+5.8%
Canton
+5.7%
Ann Arbor Charter Township
-12.1%

How many homes are available in Superior Charter Township, MI?

Number of Homes For Sale

Apr 2023May 2023%
5455+1.9%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 66
0.0%
3 2725
-7.4%
4 1721
+23.5%
5+ 43
-25.0%

Number of Homes Sold

Apr 2023May 2023%
1923+21.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Superior Charter Township, you could pay more than the asking price. 65.2% of homes here sold above asking price last month.

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

What housing markets are near Superior Charter Township, MI?

About Superior Charter Township, MI

Homes for sale in Superior Charter Township, MI have reached 55. In May 2023 in Superior Charter Township, MI there were 1.9% more homes for sale than in April 2023. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 39.4% more expensive, prices of 3 bedrooms properties increased by 15%, prices of 4 bedrooms properties increased by 5.9%, 5 bedrooms properties prices increased by 23.9%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 7.4%, the quantity of 4 bedrooms homes went up by 23.5%, number of 5 bedrooms homes decreased by 25%. In May 2023 more than 15 listings in Superior Charter Township, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below.