Is Chesaning 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, Chesaning Township has remained a Seller's Market.
Housing Prices in Chesaning Township, MI
How much do homes in Chesaning Township, MI cost?
Median Sold Price
$170,000
$116/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Chesaning Township was $170,000 in April 2024, the same as last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $101.9K | - | N/A |
2 Bedrooms | $119.9K | $129.7K | +8.2% |
3 Bedrooms | $170K | $170K | 0.0% |
4 Bedrooms | $208.5K | $230K | +10.3% |
5+ Bedrooms | $282.5K | $325K | +15.0% |
Summary: Chesaning 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 8.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 15%.
Housing Supply in Chesaning Township, MI
How many homes are available in Chesaning Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Summary: The Chesaning Township real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Chesaning 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Chesaning Township in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Chesaning Township, MI
How long does it take to sell a home in Chesaning Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 15 Days | -76.5% |
Summary: Homes in Chesaning Township had an average of 15 days on market in Apr 2024, down by 76.5% 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 Chesaning 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.