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 September 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

$306,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$27,775(+10.0%)

Key Takeaway

Homes in Tyrone Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Tyrone Township was $306,000 in September 2024, up 10% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $190K$212.8K
+12.0%
3 $267.5K$313K
+17.0%
4 $282.2K$318.4K
+12.8%
5+ $535.6K$615K
+14.8%

Summary: Tyrone Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 14.8%.

Median Sold Price Compared To Nearby Cities

Casnovia
+34.1%
Kent City
+13.2%
Tyrone Township
+10.0%
Sparta Township
+1.0%

Housing Supply in Tyrone Township, MI

How many homes are available in Tyrone Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3222-31.3%

Summary: The Tyrone Township real estate market had 22 homes for sale in September 2024, a 31.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 107
-30.0%
4 149
-35.7%
5+ 45
+25.0%

Summary: The Tyrone Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Tyrone Township in September 2024, down by 53.8% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
73 Days16 Days-77.6%

Summary: Homes in Tyrone Township had an average of 16 days on market in Sep 2024, down by 77.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was 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 September 2024, 6 homes were sold in Tyrone Township; 83% of homes were sold within 30 days, 17% 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 30 Days Ago

Newest Listings in Tyrone Township, MI

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What housing markets are near Tyrone Township, MI?