Is Ypsilanti Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Ypsilanti Charter Township has remained a Seller's Market.
Housing Prices in Ypsilanti Charter Township, MI
How much do homes in Ypsilanti Charter Township, MI cost?
Median Sold Price
$274,687
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Ypsilanti Charter Township was $274,687 in June 2024, up 1.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108K | $118K | +9.3% |
2 Bedrooms | $195K | $192.5K | -1.3% |
3 Bedrooms | $259.8K | $260K | 0.1% |
4 Bedrooms | $360K | $373.2K | +3.7% |
5+ Bedrooms | $350K | $395K | +12.9% |
Summary: Ypsilanti Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Superior Charter Township | $326K | $365K | +12.0% |
Ypsilanti Charter Township | $270.2K | $274.6K | +1.7% |
Ypsilanti | $269.9K | $274.5K | +1.7% |
Augusta Charter Township | $336K | $340K | +1.2% |
Van Buren Charter Township | $300K | $270.5K | -9.8% |
Housing Supply in Ypsilanti Charter Township, MI
How many homes are available in Ypsilanti Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
241 | 237 | -1.7% |
Summary: The Ypsilanti Charter Township real estate market had 237 homes for sale in June 2024, a 1.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 50 | 51 | +2.0% |
3 Bedrooms | 118 | 111 | -5.9% |
4 Bedrooms | 63 | 63 | 0.0% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Ypsilanti Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 2%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
93 | 73 | -21.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Ypsilanti Charter Township in June 2024, down by 21.5% month-over-month. Of the 73 sold homes, 22% were sold under asking, 12% were sold at asking, and 66% were sold over asking.
Days on Market for Ypsilanti Charter Township, MI
How long does it take to sell a home in Ypsilanti Charter Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 11 Days | -59.2% |
Summary: Homes in Ypsilanti Charter Township had an average of 11 days on market in Jun 2024, down by 59.2% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 73 homes were sold in Ypsilanti Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.