Is Caledonia 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 Township has remained a Seller's Market.
Housing Prices in Caledonia Township, MI
How much do homes in Caledonia Township, MI cost?
Median Sold Price
$399,738
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Caledonia Township was $399,738 in April 2024, up 2.2% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $230K | N/A |
2 Bedrooms | $295K | $304K | +3.1% |
3 Bedrooms | $341K | $377.5K | +10.7% |
4 Bedrooms | $459.9K | $444.5K | -3.3% |
5+ Bedrooms | $544.9K | $534.9K | -1.8% |
Summary: Caledonia Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Cities
Caledonia | $359.9K | $391.6K | +8.8% |
Caledonia Township | $391K | $399.7K | +2.2% |
Cascade Charter Township | $530K | $531.2K | 0.2% |
Alto | $470K | $465.4K | -1.0% |
Bowne Township | $425K | $400K | -5.9% |
Housing Supply in Caledonia Township, MI
How many homes are available in Caledonia Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 78 | -9.3% |
Summary: The Caledonia Township real estate market had 78 homes for sale in April 2024, a 9.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 13 | -23.5% |
3 Bedrooms | 27 | 25 | -7.4% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Caledonia Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 25 | -7.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Caledonia Township in April 2024, down by 7.4% month-over-month. Of the 25 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.
Days on Market for Caledonia Township, MI
How long does it take to sell a home in Caledonia Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 24 Days | -54.5% |
Summary: Homes in Caledonia Township had an average of 24 days on market in Apr 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Caledonia Township; 84% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.