Is Tyrone 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, Tyrone Township was a Seller's Market.
Key Takeaway
Tyrone Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tyrone Township, MI
How much do homes in Tyrone Township, MI cost?
Median Sold Price
$417,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tyrone Township have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Tyrone Township was $417,500 in April 2024, up 4.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | - | N/A |
| 2 Bedrooms | $420K | $360K | -14.3% |
| 3 Bedrooms | $320K | $379.9K | +18.7% |
| 4 Bedrooms | $414.9K | $504K | +21.5% |
| 5+ Bedrooms | $562.5K | $654.9K | +16.4% |
Summary: Tyrone 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 14.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Fenton | $285K | $345.1K | +21.1% |
| Fenton | $305K | $345K | +13.1% |
| Fenton Charter Township | $320K | $346.2K | +8.2% |
| Tyrone Township | $399.9K | $417.5K | +4.4% |
| Rose Township | $349.9K | $355K | +1.5% |
Housing Supply in Tyrone Township, MI
How many homes are available in Tyrone Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Summary: The Tyrone Township real estate market had 19 homes for sale in April 2024, a 5.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Tyrone 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tyrone Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tyrone Township in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Tyrone Township, MI
How long does it take to sell a home in Tyrone Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 6 Days | -91.9% |
Summary: Homes in Tyrone Township had an average of 6 days on market in Apr 2024, down by 91.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tyrone Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Tyrone Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
