Is Charlotte, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Charlotte was a Seller's Market.
Housing Prices in Charlotte, MI
How much do homes in Charlotte, MI cost?
Median Sold Price
$195,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Charlotte was $195,000 in April 2024, up 5.2% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $74K | -12.9% |
2 Bedrooms | $150K | $159.9K | +6.6% |
3 Bedrooms | $195.2K | $198K | +1.4% |
4 Bedrooms | $232.5K | $225K | -3.2% |
5+ Bedrooms | $257.5K | $259K | +0.6% |
Summary: Charlotte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.9%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
Carmel Township | $230K | $268K | +16.5% |
Charlotte | $185.3K | $195K | +5.2% |
Housing Supply in Charlotte, MI
How many homes are available in Charlotte, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
48 | 52 | +8.3% |
Summary: The Charlotte real estate market had 52 homes for sale in April 2024, a 8.3% 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 | 9 | 10 | +11.1% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Charlotte 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 11.1%, 3 bedroom homes increased by 8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 6 | -64.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Charlotte in April 2024, down by 64.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Charlotte, MI
How long does it take to sell a home in Charlotte, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 23 Days | -65.8% |
Summary: Homes in Charlotte had an average of 23 days on market in Apr 2024, down by 65.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Charlotte; 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.