Is Central Lake Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Central Lake Township was a Seller's Market.
Housing Prices in Central Lake Township, MI
How much do homes in Central Lake Township, MI cost?
Median Sold Price
$310,000
$214/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Central Lake Township was $310,000 in April 2024, down 1.9% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $57.1K | - | N/A |
3 Bedrooms | $575K | $310K | -46.1% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Central Lake Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 46.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Central Lake Township | $316K | $310K | -1.9% |
Central Lake | $316K | $310K | -1.9% |
Banks Township | $525K | $283.7K | -46.0% |
South Arm Township | $712.5K | $255K | -64.2% |
Housing Supply in Central Lake Township, MI
How many homes are available in Central Lake Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Central Lake Township real estate market had 21 homes for sale in April 2024, a 61.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 0 | -100.0% |
3 Bedrooms | 5 | 10 | +100.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Central Lake 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Central Lake Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Lake Township, MI
How long does it take to sell a home in Central Lake Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 129 Days | +296.9% |
Summary: Homes in Central Lake Township had an average of 129 days on market in Apr 2024, up by 296.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Central Lake Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.