Is Egelston 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, Egelston Township has remained a Seller's Market.
Housing Prices in Egelston Township, MI
How much do homes in Egelston Township, MI cost?
Median Sold Price
$198,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Egelston Township was $198,000 in April 2024, up 2.3% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149.9K | $164K | +9.4% |
3 Bedrooms | $199.9K | $185K | -7.5% |
4 Bedrooms | $247.5K | $255.5K | +3.2% |
5+ Bedrooms | $375K | $360K | -4.0% |
Summary: Egelston 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 9.4%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
Twin Lake | $259.5K | $278.9K | +7.5% |
Egelston Township | $193.5K | $198K | +2.3% |
Sullivan Township | $255K | $250K | -2.0% |
Cedar Creek Township | $225K | $216.9K | -3.6% |
Housing Supply in Egelston Township, MI
How many homes are available in Egelston Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Summary: The Egelston Township real estate market had 23 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 14 | 18 | +28.6% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Egelston 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 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Egelston Township in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Egelston Township, MI
How long does it take to sell a home in Egelston Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 20 Days | -50.1% |
Summary: Homes in Egelston Township had an average of 20 days on market in Apr 2024, down by 50.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Egelston Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.