Is Sumpter 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, Sumpter Township was a Buyer's Market.
Housing Prices in Sumpter Township, MI
How much do homes in Sumpter Township, MI cost?
Median Sold Price
$275,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sumpter Township was $275,000 in April 2024, down 1.8% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $171.5K | $189K | +10.2% |
3 Bedrooms | $250K | $261.5K | +4.6% |
4 Bedrooms | $344.9K | $308K | -10.7% |
5+ Bedrooms | $325K | $411K | +26.5% |
Summary: Sumpter 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 increased by 10.2%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
Exeter Township | $270K | $304.9K | +13.0% |
Huron Charter Township | $310K | $327.5K | +5.6% |
Willis | $290.5K | $300K | +3.3% |
Van Buren Charter Township | $295.7K | $295K | -0.3% |
Sumpter Township | $280K | $275K | -1.8% |
Housing Supply in Sumpter Township, MI
How many homes are available in Sumpter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Summary: The Sumpter Township real estate market had 37 homes for sale in April 2024, a 15.6% 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 | 3 | 3 | 0.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Sumpter 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Sumpter Township in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% were sold over asking.
Days on Market for Sumpter Township, MI
How long does it take to sell a home in Sumpter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 27 Days | +111.2% |
Summary: Homes in Sumpter Township had an average of 27 days on market in Apr 2024, up by 111.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Sumpter Township; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.