Is Chikaming 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, Chikaming Township has remained a Seller's Market.
Housing Prices in Chikaming Township, MI
How much do homes in Chikaming Township, MI cost?
Median Sold Price
$599,500
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chikaming Township was $599,500 in April 2024, down 0.2% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $247.7K | $298K | +20.3% |
2 Bedrooms | $450K | $515K | +14.4% |
3 Bedrooms | $605K | $589.5K | -2.6% |
4 Bedrooms | $790K | $915K | +15.8% |
5+ Bedrooms | $3.9M | $3.6M | -5.7% |
Summary: Chikaming Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in Chikaming Township, MI
How many homes are available in Chikaming Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Chikaming Township real estate market had 41 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 9 | 14 | +55.6% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Chikaming Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Chikaming Township in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Chikaming Township, MI
How long does it take to sell a home in Chikaming Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 117 Days | +3820.8% |
Summary: Homes in Chikaming Township had an average of 117 days on market in Apr 2024, up by 3820.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Chikaming Township; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.