Is Caledonia Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Caledonia Charter Township has remained a Seller's Market.
Key Takeaway
Caledonia Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Caledonia Charter Township, MI
How much do homes in Caledonia Charter Township, MI cost?
Median Sold Price
$374,166
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Caledonia Charter Township have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Caledonia Charter Township was $374,166 in April 2024, up 10.4% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $59.5K | $220K | +269.7% |
| 2 Bedrooms | $260.7K | $284.2K | +9.0% |
| 3 Bedrooms | $301K | $347.4K | +15.4% |
| 4 Bedrooms | $435K | $430K | -1.1% |
| 5+ Bedrooms | $485K | $511.2K | +5.4% |
Summary: Caledonia Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 269.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Corunna | $145K | $182K | +25.5% |
| Venice Township | $145K | $182K | +25.5% |
| Owosso | $130.9K | $150K | +14.6% |
| Caledonia Charter Township | $339K | $374.1K | +10.4% |
| New Haven Township | $267.5K | $280K | +4.7% |
Housing Supply in Caledonia Charter Township, MI
How many homes are available in Caledonia Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 85 | 80 | -5.9% |
Summary: The Caledonia Charter Township real estate market had 80 homes for sale in April 2024, a 5.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 24 | 19 | -20.8% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Caledonia Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Caledonia Charter Township, you could pay more than the asking price. 54.8% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Caledonia Charter Township in April 2024, up by 6.9% month-over-month. Of the 31 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Caledonia Charter Township, MI
How long does it take to sell a home in Caledonia Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 20 Days | -38.1% |
Summary: Homes in Caledonia Charter Township had an average of 20 days on market in Apr 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Caledonia Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Caledonia Charter Township; 87% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.