Is Tekonsha, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tekonsha was a Neutral Market.
Key Takeaway
Tekonsha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tekonsha, MI
How much do homes in Tekonsha, MI cost?
Median Sold Price
$122,450
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tekonsha have sold for 24.2% less than they did a year ago.
Summary: The median home sold price in Tekonsha was $122,450 in April 2024, down 24.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $80K | N/A |
| 2 Bedrooms | $90K | $93.9K | +4.4% |
| 3 Bedrooms | $147.5K | $135K | -8.5% |
| 4 Bedrooms | $292.5K | $262.5K | -10.3% |
| 5+ Bedrooms | $160K | - | N/A |
Summary: Tekonsha 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 4.4%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tekonsha | $161.4K | $122.4K | -24.2% |
| Tekonsha Township | $162.9K | $122.4K | -24.8% |
Housing Supply in Tekonsha, MI
How many homes are available in Tekonsha, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Tekonsha real estate market had 10 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tekonsha 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tekonsha, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tekonsha in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tekonsha, MI
How long does it take to sell a home in Tekonsha, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tekonsha has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Tekonsha; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
