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 June 2023

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.

Housing Prices in Superior Charter Township, MI

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

Median Sold Price

$365,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$38,999(+12.0%)

Key Takeaway

Homes in Superior Charter Township have sold for 12% more than they did a year ago.

Summary: The median home sold price in Superior Charter Township was $365,000 in June 2024, up 12% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$185K
N/A
2 $208K$225K
+8.2%
3 $320K$330K
+3.1%
4 $350K$445K
+27.1%
5+ $945.7K$955K
+1.0%

Summary: Superior Charter 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 8.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 27.1%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Superior Charter Township
+12.0%
Canton Charter Township
+7.4%
Canton
+7.4%
Ann Arbor Charter Township
+5.9%
Ypsilanti Charter Township
+1.7%

Housing Supply in Superior Charter Township, MI

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
3948+23.1%

Summary: The Superior Charter Township real estate market had 48 homes for sale in June 2024, a 23.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 1415
+7.1%
4 1216
+33.3%
5+ 79
+28.6%

Summary: The Superior Charter 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 increased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 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. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Superior Charter Township in June 2024, down by 8.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% 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

Jun 2023Jun 2024CHANGE
19 Days12 Days-35.9%

Summary: Homes in Superior Charter Township had an average of 12 days on market in Jun 2024, down by 35.9% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 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.

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

Report Updated 24 Days Ago

Newest Listings in Superior Charter Township, MI

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