Is Palmyra 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, Palmyra Township has remained a Seller's Market.
Key Takeaway
Palmyra Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Palmyra Township, MI
How much do homes in Palmyra Township, MI cost?
Median Sold Price
$177,450
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palmyra Township have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in Palmyra Township was $177,450 in April 2024, down 15.5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $56K | $118K | +110.7% |
| 3 Bedrooms | $197K | $157.5K | -20.1% |
| 4 Bedrooms | $243.9K | $196K | -19.7% |
| 5+ Bedrooms | - | $254.9K | N/A |
Summary: Palmyra 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 110.7%, 3 bedroom homes decreased by 20.1%, 4 bedroom homes decreased by 19.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Palmyra | $161.8K | $160.5K | -0.8% |
| Palmyra Township | $210K | $177.4K | -15.5% |
Housing Supply in Palmyra Township, MI
How many homes are available in Palmyra Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Summary: The Palmyra Township real estate market had 10 homes for sale in April 2024, a 100.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Palmyra 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmyra Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Palmyra Township in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Palmyra Township, MI
How long does it take to sell a home in Palmyra Township, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmyra Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Palmyra Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
