Is Cambridge 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, Cambridge Township has remained a Seller's Market.
Housing Prices in Cambridge Township, MI
How much do homes in Cambridge Township, MI cost?
Median Sold Price
$299,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cambridge Township was $299,000 in April 2024, down 1.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | $162.5K | +47.7% |
2 Bedrooms | $227K | $185K | -18.5% |
3 Bedrooms | $299.9K | $299.5K | -0.1% |
4 Bedrooms | $515K | $400.4K | -22.2% |
5+ Bedrooms | $400K | $622K | +55.5% |
Summary: Cambridge Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 55.5%.
Median Sold Price Compared To Nearby Cities
Onsted | $285K | $310K | +8.8% |
Tipton | $302.7K | $318.2K | +5.1% |
Cambridge Township | $302.4K | $299K | -1.1% |
Manitou Beach | $365.7K | $332K | -9.2% |
Housing Supply in Cambridge Township, MI
How many homes are available in Cambridge Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 31 | +6.9% |
Summary: The Cambridge Township real estate market had 31 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cambridge Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Cambridge Township in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Cambridge Township, MI
How long does it take to sell a home in Cambridge Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 62 Days | +1450.0% |
Summary: Homes in Cambridge Township had an average of 62 days on market in Apr 2024, up by 1450% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Cambridge Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.