Is Bowne Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bowne Township was a Seller's Market.
Key Takeaway
Bowne Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bowne Township, MI
How much do homes in Bowne Township, MI cost?
Median Sold Price
$399,950
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bowne Township have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Bowne Township was $399,950 in May 2024, down 5.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | - | N/A |
| 3 Bedrooms | $423.7K | $317.5K | -25.1% |
| 4 Bedrooms | $438K | $430K | -1.8% |
| 5+ Bedrooms | $440K | $465K | +5.7% |
Summary: Bowne Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Campbell Township | $230K | $347K | +50.9% |
| Lowell Charter Township | $343.3K | $400K | +16.5% |
| Boston Township | $275K | $305K | +10.9% |
| Alto | $463.7K | $470K | +1.3% |
| Bowne Township | $424K | $399.9K | -5.7% |
Housing Supply in Bowne Township, MI
How many homes are available in Bowne Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Bowne Township real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bowne Township housing inventory by bedroom type for May 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 increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bowne Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Bowne Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Bowne Township, MI
How long does it take to sell a home in Bowne Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 30 Days | +80.0% |
Summary: Homes in Bowne Township had an average of 30 days on market in May 2024, up by 80% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bowne Township has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Bowne Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
