Is Tekonsha Township, 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 Township was a Neutral Market.
Key Takeaway
Tekonsha Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tekonsha Township, MI
How much do homes in Tekonsha Township, 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 Township have sold for 24.8% less than they did a year ago.
Summary: The median home sold price in Tekonsha Township was $122,450 in April 2024, down 24.8% 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 | $89.9K | -0.1% |
| 3 Bedrooms | $160K | $135K | -15.6% |
| 4 Bedrooms | $292.5K | $270K | -7.7% |
| 5+ Bedrooms | $160K | - | N/A |
Summary: Tekonsha 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 decreased by 0.1%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Burlington Township | $165K | $265K | +60.6% |
| Tekonsha | $161.4K | $122.4K | -24.2% |
| Tekonsha Township | $162.9K | $122.4K | -24.8% |
Housing Supply in Tekonsha Township, MI
How many homes are available in Tekonsha Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Tekonsha Township real estate market had 12 homes for sale in April 2024, a 7.7% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tekonsha 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tekonsha Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Tekonsha Township in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Tekonsha Township, MI
How long does it take to sell a home in Tekonsha Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Tekonsha Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 3 homes were sold in Tekonsha Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
