Is Denton 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, Denton Township has remained a Seller's Market.
Housing Prices in Denton Township, MI
How much do homes in Denton Township, MI cost?
Median Sold Price
$225,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Denton Township was $225,000 in April 2024, up 32.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70.5K | $152K | +115.6% |
2 Bedrooms | $143.5K | $140K | -2.4% |
3 Bedrooms | $185.9K | $240K | +29.1% |
4 Bedrooms | $258.7K | $306.6K | +18.5% |
5+ Bedrooms | $165K | $607.5K | +268.2% |
Summary: Denton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.6%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 268.2%.
Median Sold Price Compared To Nearby Cities
Denton Township | $169.9K | $225K | +32.4% |
Prudenville | $169.4K | $223.5K | +31.9% |
Roscommon Township | $168.6K | $180K | +6.8% |
Houghton Lake | $184K | $180K | -2.2% |
Housing Supply in Denton Township, MI
How many homes are available in Denton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 67 | +36.7% |
Summary: The Denton Township real estate market had 67 homes for sale in April 2024, a 36.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 25 | 34 | +36.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Denton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Denton Township in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Denton Township, MI
How long does it take to sell a home in Denton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
129 Days | 75 Days | -41.9% |
Summary: Homes in Denton Township had an average of 75 days on market in Apr 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Denton Township; 0% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.