Is Thomas 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, Thomas Township has remained a Seller's Market.
Housing Prices in Thomas Township, MI
How much do homes in Thomas Township, MI cost?
Median Sold Price
$200,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Thomas Township was $200,000 in April 2024, up 8.1% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75.9K | $124.8K | +64.4% |
2 Bedrooms | $116.4K | $144.9K | +24.4% |
3 Bedrooms | $185K | $206.9K | +11.9% |
4 Bedrooms | $270K | $243.5K | -9.8% |
5+ Bedrooms | $345K | $396.9K | +15.0% |
Summary: Thomas Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
Hemlock | $170K | $198.5K | +16.8% |
Thomas Township | $185K | $200K | +8.1% |
James Township | $165K | $157.9K | -4.3% |
Freeland | $300K | $278.5K | -7.2% |
Saginaw Charter Township | $156.4K | $131.3K | -16.0% |
Housing Supply in Thomas Township, MI
How many homes are available in Thomas Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 39 | +5.4% |
Summary: The Thomas Township real estate market had 39 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Thomas 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 decreased by 22.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Thomas Township in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Thomas Township, MI
How long does it take to sell a home in Thomas Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
136 Days | 54 Days | -59.8% |
Summary: Homes in Thomas Township had an average of 54 days on market in Apr 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Thomas Township; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.