Is Delhi Charter 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, Delhi Charter Township has remained a Seller's Market.
Key Takeaway
Delhi Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$272,250
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Delhi Charter Township have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Delhi Charter Township was $272,250 in April 2024, up 7.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | - | N/A |
| 2 Bedrooms | $152.5K | $145K | -4.9% |
| 3 Bedrooms | $243.8K | $260K | +6.6% |
| 4 Bedrooms | $305K | $337.6K | +10.7% |
| 5+ Bedrooms | $337K | $368.5K | +9.3% |
Summary: Delhi Charter 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 decreased by 4.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Holt | $244K | $267.9K | +9.8% |
| Delhi Charter Township | $253.2K | $272.2K | +7.5% |
| Lansing | $140K | $148K | +5.8% |
| Lansing Charter Township | $139.9K | $145.9K | +4.3% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The Delhi Charter Township real estate market had 61 homes for sale in April 2024, a 8.9% increase 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 | 6 | 4 | -33.3% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Delhi Charter 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delhi Charter Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Delhi Charter Township in April 2024, up by 10.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 14% were sold at asking, and 45% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 23 Days | +57.0% |
Summary: Homes in Delhi Charter Township had an average of 23 days on market in Apr 2024, up by 57% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Delhi Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Delhi Charter Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
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