Is Saline 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, Saline Township has remained a Seller's Market.
Housing Prices in Saline Township, MI
How much do homes in Saline Township, MI cost?
Median Sold Price
$414,050
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Saline Township was $414,050 in April 2024, down 4.6% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $170K | N/A |
2 Bedrooms | $272.4K | $275K | +1.0% |
3 Bedrooms | $375K | $386.7K | +3.1% |
4 Bedrooms | $532.8K | $550K | +3.2% |
5+ Bedrooms | $599.9K | $654.9K | +9.2% |
Summary: Saline 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 1%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Lodi Township | $520K | $560K | +7.7% |
York Charter Township | $514.3K | $552.5K | +7.4% |
Saline Township | $434K | $414K | -4.6% |
Saline | $440K | $414K | -5.9% |
Housing Supply in Saline Township, MI
How many homes are available in Saline Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 127 | +7.6% |
Summary: The Saline Township real estate market had 127 homes for sale in April 2024, a 7.6% 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 | 21 | 18 | -14.3% |
3 Bedrooms | 48 | 59 | +22.9% |
4 Bedrooms | 37 | 38 | +2.7% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Saline 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 14.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Saline Township in April 2024, up by 14.8% month-over-month. Of the 31 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% were sold over asking.
Days on Market for Saline Township, MI
How long does it take to sell a home in Saline Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 41 Days | -20.9% |
Summary: Homes in Saline Township had an average of 41 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Saline Township; 48% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.