Is Texas Charter 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, Texas Charter Township has remained a Seller's Market.
Key Takeaway
Texas Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Texas Charter Township, MI
How much do homes in Texas Charter Township, MI cost?
Median Sold Price
$469,250
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Texas Charter Township have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Texas Charter Township was $469,250 in April 2024, up 3.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $269.5K | N/A |
| 2 Bedrooms | $235K | $276.1K | +17.5% |
| 3 Bedrooms | $350K | $353K | +0.9% |
| 4 Bedrooms | $440K | $458K | +4.1% |
| 5+ Bedrooms | $570K | $595K | +4.4% |
Summary: Texas Charter 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 17.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Kalamazoo | $185.3K | $222K | +19.8% |
| Texas Charter Township | $455K | $469.2K | +3.1% |
| Oshtemo Charter Township | $320K | $324.9K | +1.5% |
| Portage | $264.9K | $268.1K | +1.2% |
Housing Supply in Texas Charter Township, MI
How many homes are available in Texas Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 64 | -8.6% |
Summary: The Texas Charter Township real estate market had 64 homes for sale in April 2024, a 8.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
Summary: The Texas Charter 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 12.5%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Texas Charter Township, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Texas Charter Township in April 2024, up by 13.3% month-over-month. Of the 17 sold homes, 35% were sold under asking, 53% were sold at asking, and 12% were sold over asking.
Days on Market for Texas Charter Township, MI
How long does it take to sell a home in Texas Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 39 Days | +65.0% |
Summary: Homes in Texas Charter Township had an average of 39 days on market in Apr 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Texas Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Texas Charter Township; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.