Is Tallmadge 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, Tallmadge Charter Township has remained a Seller's Market.
Housing Prices in Tallmadge Charter Township, MI
How much do homes in Tallmadge Charter Township, MI cost?
Median Sold Price
$412,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tallmadge Charter Township was $412,500 in March 2024, up 17% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | - | N/A |
2 Bedrooms | $325K | $340.7K | +4.8% |
3 Bedrooms | $307K | $355K | +15.6% |
4 Bedrooms | $381K | $459.9K | +20.7% |
5+ Bedrooms | $584.4K | $450K | -23.0% |
Summary: Tallmadge 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 increased by 4.8%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 23%.
Housing Supply in Tallmadge Charter Township, MI
How many homes are available in Tallmadge Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Summary: The Tallmadge Charter Township real estate market had 14 homes for sale in March 2024, a 27.3% 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 | 7 | 7 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Tallmadge 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 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Tallmadge Charter Township in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Tallmadge Charter Township, MI
How long does it take to sell a home in Tallmadge Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 13 Days | +65.6% |
Summary: Homes in Tallmadge Charter Township had an average of 13 days on market in Mar 2024, up by 65.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Tallmadge Charter Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.