Is Courtland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Courtland Township has remained a Seller's Market.
Key Takeaway
Courtland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Courtland Township, MI
How much do homes in Courtland Township, MI cost?
Median Sold Price
$450,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Courtland Township have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Courtland Township was $450,000 in May 2024, up 5.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $325K | +38.3% |
| 3 Bedrooms | $341K | $359K | +5.3% |
| 4 Bedrooms | $433K | $495K | +14.3% |
| 5+ Bedrooms | $500K | $700K | +40.0% |
Summary: Courtland 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 increased by 38.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 40%.
Median Sold Price Compared To Nearby Cities
| Oakfield Township | $317.5K | $350K | +10.2% |
| Courtland Township | $425K | $450K | +5.9% |
| Cedar Springs | $284.5K | $295K | +3.7% |
| Rockford | $402K | $415.4K | +3.3% |
| Cannon Township | $445K | $453.1K | +1.8% |
Housing Supply in Courtland Township, MI
How many homes are available in Courtland Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 37 | +54.2% |
Summary: The Courtland Township real estate market had 37 homes for sale in May 2024, a 54.2% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Courtland 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 decreased by 100%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 14 | +250.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Courtland Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Courtland Township in May 2024, up by 250.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.
Days on Market for Courtland Township, MI
How long does it take to sell a home in Courtland Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 48 Days | -4.2% |
Summary: Homes in Courtland Township had an average of 48 days on market in May 2024, down by 4.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Courtland Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Courtland Township; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
