Is Imlay 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, Imlay Township has remained a Seller's Market.
Housing Prices in Imlay Township, MI
How much do homes in Imlay Township, MI cost?
Median Sold Price
$325,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Imlay Township was $325,000 in April 2024, down 13.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $257.5K | +12.0% |
3 Bedrooms | $380K | $320K | -15.8% |
4 Bedrooms | $333K | $381.8K | +14.7% |
5+ Bedrooms | $278.5K | $695K | +149.6% |
Summary: Imlay 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 12%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 149.6%.
Median Sold Price Compared To Nearby Cities
Imlay City | $225K | $272.5K | +21.1% |
Almont Township | $325K | $336K | +3.4% |
Attica | $283.9K | $265K | -6.7% |
Imlay Township | $375K | $325K | -13.3% |
Housing Supply in Imlay Township, MI
How many homes are available in Imlay Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Summary: The Imlay Township real estate market had 10 homes for sale in April 2024, a 42.9% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Imlay 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Imlay Township in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Imlay Township, MI
How long does it take to sell a home in Imlay Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
204 Days | 18 Days | -90.9% |
Summary: Homes in Imlay Township had an average of 18 days on market in Apr 2024, down by 90.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Imlay Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.