Is Texas 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
At the same time last year, Texas Charter Township was a Seller's Market.
Housing Prices in Texas Charter Township, MI
How much do homes in Texas Charter Township, MI cost?
Median Sold Price
$458,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Texas Charter Township was $458,500 in March 2024, up 2.1% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $269.5K | N/A |
2 Bedrooms | $235K | $269.6K | +14.7% |
3 Bedrooms | $354.5K | $350K | -1.3% |
4 Bedrooms | $426K | $462K | +8.5% |
5+ Bedrooms | $590K | $587.5K | -0.4% |
Summary: Texas 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 14.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
Kalamazoo | $185.1K | $220.1K | +18.9% |
Texas Charter Township | $449K | $458.5K | +2.1% |
Oshtemo Charter Township | $318.3K | $324.9K | +2.1% |
Portage | $264.7K | $260.6K | -1.6% |
Housing Supply in Texas Charter Township, MI
How many homes are available in Texas Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 63 | +1.6% |
Summary: The Texas Charter Township real estate market had 63 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 8 | 10 | +25.0% |
4 Bedrooms | 21 | 27 | +28.6% |
5+ Bedrooms | 25 | 18 | -28.0% |
Summary: The Texas Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 28%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Texas Charter Township in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Texas Charter Township, MI
How long does it take to sell a home in Texas Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 40 Days | +132.4% |
Summary: Homes in Texas Charter Township had an average of 40 days on market in Mar 2024, up by 132.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Texas Charter Township; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.