Is Ypsilanti Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ypsilanti Charter Township has remained a Seller's Market.
Key Takeaway
Ypsilanti Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ypsilanti Charter Township, MI
How much do homes in Ypsilanti Charter Township, MI cost?
Median Sold Price
$274,075
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ypsilanti Charter Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Ypsilanti Charter Township was $274,075 in March 2024, up 3.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $113K | -16.3% |
| 2 Bedrooms | $190K | $200.5K | +5.5% |
| 3 Bedrooms | $254.9K | $250.7K | -1.7% |
| 4 Bedrooms | $358K | $370K | +3.4% |
| 5+ Bedrooms | $360K | $383.3K | +6.5% |
Summary: Ypsilanti Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Superior Charter Township | $320K | $350K | +9.4% |
| Ypsilanti Charter Township | $265K | $274K | +3.4% |
| Van Buren Charter Township | $291K | $299.9K | +3.0% |
| Augusta Charter Township | $340K | $349.9K | +2.9% |
| Ypsilanti | $267.5K | $273.3K | +2.2% |
Housing Supply in Ypsilanti Charter Township, MI
How many homes are available in Ypsilanti Charter Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 169 | 184 | +8.9% |
Summary: The Ypsilanti Charter Township real estate market had 184 homes for sale in March 2024, a 8.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 22 | 38 | +72.7% |
| 3 Bedrooms | 91 | 86 | -5.5% |
| 4 Bedrooms | 44 | 50 | +13.6% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Ypsilanti Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 72.7%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 55 | -5.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ypsilanti Charter Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 55 homes were sold or pending in Ypsilanti Charter Township in March 2024, down by 5.2% month-over-month. Of the 55 sold homes, 33% were sold under asking, 22% were sold at asking, and 45% were sold over asking.
Days on Market for Ypsilanti Charter Township, MI
How long does it take to sell a home in Ypsilanti Charter Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 25 Days | -48.7% |
Summary: Homes in Ypsilanti Charter Township had an average of 25 days on market in Mar 2024, down by 48.7% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ypsilanti Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 55 homes were sold in Ypsilanti Charter Township; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.