Is East Bay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, East Bay Township has remained a Seller's Market.
Key Takeaway
East Bay Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Bay Township, MI
How much do homes in East Bay Township, MI cost?
Median Sold Price
$388,750
$197/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in East Bay Township have sold for 31.6% more than they did a month ago.
Summary: The median home sold price in East Bay Township was $388,750 in April 2024, up 31.6% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234.9K | $229K | -2.5% |
| 3 Bedrooms | $295.5K | $385K | +30.3% |
| 4 Bedrooms | $510K | $410K | -19.6% |
| 5+ Bedrooms | - | $825K | N/A |
Summary: East Bay Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 30.3%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Williamsburg | $371.5K | $560K | +50.7% |
| Acme Township | $378K | $519.5K | +37.4% |
| East Bay Township | $295.5K | $388.7K | +31.6% |
Housing Supply in East Bay Township, MI
How many homes are available in East Bay Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The East Bay Township real estate market had 40 homes for sale in April 2024, a 8.1% 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 | 12 | 10 | -16.7% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The East Bay 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 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Bay Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in East Bay Township in April 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for East Bay Township, MI
How long does it take to sell a home in East Bay Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 Days | 68 Days | -3.3% |
Summary: Homes in East Bay Township had an average of 68 days on market in Apr 2024, down by 3.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Bay Township has remained consistent over time.
Summary: During April 2024, 10 homes were sold in East Bay Township; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
