Is Superior Charter 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, Superior Charter Township has remained a Seller's Market.
Key Takeaway
Superior Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Superior Charter Township, MI
How much do homes in Superior Charter Township, MI cost?
Median Sold Price
$352,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Superior Charter Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Superior Charter Township was $352,500 in April 2024, up 9.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $201.5K | $207.2K | +2.9% |
| 3 Bedrooms | $315K | $325K | +3.2% |
| 4 Bedrooms | $330K | $420K | +27.3% |
| 5+ Bedrooms | $857.5K | $947.5K | +10.5% |
Summary: Superior Charter 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 2.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Superior Charter Township | $322.9K | $352.5K | +9.1% |
| Ann Arbor Charter Township | $459K | $490K | +6.7% |
| Canton Charter Township | $349.7K | $372.5K | +6.5% |
| Canton | $349.6K | $372.2K | +6.5% |
| Ypsilanti Charter Township | $265K | $275K | +3.8% |
Housing Supply in Superior Charter Township, MI
How many homes are available in Superior Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 35 | +25.0% |
Summary: The Superior Charter Township real estate market had 35 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 10 | 14 | +40.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Superior Charter 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 increased by 50%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Superior Charter Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Superior Charter Township in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Superior Charter Township, MI
How long does it take to sell a home in Superior Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 17 Days | -57.4% |
Summary: Homes in Superior Charter Township had an average of 17 days on market in Apr 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Superior Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Superior Charter Township; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
