Is Cedar Creek 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, Cedar Creek Township has remained a Seller's Market.
Key Takeaway
Cedar Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Creek Township, MI
How much do homes in Cedar Creek Township, MI cost?
Median Sold Price
$216,950
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cedar Creek Township have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Cedar Creek Township was $216,950 in April 2024, down 3.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $42.5K | -85.8% |
| 2 Bedrooms | $178K | $185K | +3.9% |
| 3 Bedrooms | $219.9K | $202.5K | -7.9% |
| 4 Bedrooms | $232.5K | $297.5K | +28.0% |
| 5+ Bedrooms | $476K | - | N/A |
Summary: Cedar Creek Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 85.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 28%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bridgeton Township | $182K | $223K | +22.5% |
| Twin Lake | $259.5K | $278.9K | +7.5% |
| Cedar Creek Township | $225K | $216.9K | -3.6% |
Housing Supply in Cedar Creek Township, MI
How many homes are available in Cedar Creek Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Cedar Creek Township real estate market had 13 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cedar Creek 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Creek Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cedar Creek Township in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cedar Creek Township, MI
How long does it take to sell a home in Cedar Creek Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Cedar Creek Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
