Is Van Buren 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, Van Buren Charter Township has remained a Seller's Market.
Housing Prices in Van Buren Charter Township, MI
How much do homes in Van Buren Charter Township, MI cost?
Median Sold Price
$299,900
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Van Buren Charter Township was $299,900 in March 2024, up 3% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $410K | N/A |
2 Bedrooms | $160K | $205.5K | +28.4% |
3 Bedrooms | $278.5K | $285K | +2.3% |
4 Bedrooms | $363K | $383K | +5.5% |
5+ Bedrooms | $400K | $467.5K | +16.9% |
Summary: Van Buren 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 28.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Cities
Romulus | $172K | $195K | +13.3% |
Canton Charter Township | $350K | $368.9K | +5.4% |
Van Buren Charter Township | $291K | $299.9K | +3.0% |
Sumpter Township | $280K | $275K | -1.8% |
Belleville | $260K | $249K | -4.2% |
Housing Supply in Van Buren Charter Township, MI
How many homes are available in Van Buren Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 67 | +8.1% |
Summary: The Van Buren Charter Township real estate market had 67 homes for sale in March 2024, a 8.1% 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 | 18 | 17 | -5.6% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 21 | 26 | +23.8% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Van Buren 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 decreased by 5.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 24 | +84.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Van Buren Charter Township in March 2024, up by 84.6% month-over-month. Of the 24 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Van Buren Charter Township, MI
How long does it take to sell a home in Van Buren Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 22 Days | -74.6% |
Summary: Homes in Van Buren Charter Township had an average of 22 days on market in Mar 2024, down by 74.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Van Buren Charter Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.