Is Thomas 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, Thomas Township has remained a Seller's Market.
Housing Prices in Thomas Township, MI
How much do homes in Thomas Township, MI cost?
Median Sold Price
$199,500
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Thomas Township was $199,500 in March 2024, up 5.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | $124.8K | +64.4% |
2 Bedrooms | $116.9K | $146.5K | +25.3% |
3 Bedrooms | $200K | $196.2K | -1.9% |
4 Bedrooms | $270K | $250K | -7.4% |
5+ Bedrooms | $324.5K | $384.9K | +18.6% |
Summary: Thomas Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 25.3%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 18.6%.
Median Sold Price Compared To Nearby Cities
Thomas Township | $188.3K | $199.5K | +5.9% |
Freeland | $292K | $292.4K | 0.2% |
Hemlock | $177K | $172.4K | -2.6% |
Saginaw Charter Township | $163.8K | $130K | -20.6% |
Housing Supply in Thomas Township, MI
How many homes are available in Thomas Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The Thomas Township real estate market had 33 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Thomas 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 increased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Thomas Township in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Thomas Township, MI
How long does it take to sell a home in Thomas Township, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Thomas Township; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.