Is Marengo 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, Marengo Township has remained a Seller's Market.
Housing Prices in Marengo Township, MI
How much do homes in Marengo Township, MI cost?
Median Sold Price
$260,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Marengo Township was $260,000 in April 2024, up 5.1% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | - | N/A |
2 Bedrooms | $145K | $140K | -3.4% |
3 Bedrooms | $251.5K | $255K | +1.4% |
4 Bedrooms | $255K | $345K | +35.3% |
5+ Bedrooms | $210K | $345K | +64.3% |
Summary: Marengo 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 3.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 64.3%.
Median Sold Price Compared To Nearby Cities
Marshall | $200K | $241K | +20.5% |
Sheridan Township | $170K | $181K | +6.5% |
Marengo Township | $247.5K | $260K | +5.1% |
Housing Supply in Marengo Township, MI
How many homes are available in Marengo Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The Marengo Township real estate market had 5 homes for sale in April 2024, a 25.0% increase 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 | 1 | 3 | +200.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Marengo 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 increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Marengo Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Marengo Township, MI
How long does it take to sell a home in Marengo Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 19 Days | +171.4% |
Summary: Homes in Marengo Township had an average of 19 days on market in Apr 2024, up by 171.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Marengo Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.