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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tyrone Township is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Tyrone Township, MI

How much do homes in Tyrone Township, MI cost?

Median Sold Price

$415,000

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,050(+3.8%)

Key Takeaway

Homes in Tyrone Township have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Tyrone Township was $415,000 in June 2024, up 3.8% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $325K-
N/A
2 $312.5K$360K
+15.2%
3 $335K$379.9K
+13.4%
4 $410K$507.5K
+23.8%
5+ $654.9K$530K
-19.1%

Summary: Tyrone 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 15.2%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 19.1%.

Median Sold Price Compared To Nearby Cities

Fenton
+7.9%
Fenton
+7.8%
Rose Township
+5.7%
Fenton Charter Township
+4.8%
Tyrone Township
+3.8%

Housing Supply in Tyrone Township, MI

How many homes are available in Tyrone Township, MI?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3738+2.7%

Summary: The Tyrone Township real estate market had 38 homes for sale in June 2024, a 2.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2118
-14.3%
4 1316
+23.1%
5+ 34
+33.3%

Summary: The Tyrone 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
616+166.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tyrone Township, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Tyrone Township in June 2024, up by 166.7% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% were sold over asking.

Days on Market for Tyrone Township, MI

How long does it take to sell a home in Tyrone Township, MI?

Average Sale Time

Jun 2023Jun 2024CHANGE
38 Days14 Days-61.8%

Summary: Homes in Tyrone Township had an average of 14 days on market in Jun 2024, down by 61.8% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 16 homes were sold in Tyrone Township; 81% of homes were sold within 30 days, 19% 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 13 Days Ago

Newest Listings in Tyrone Township, MI

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