Is Union 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
At the same time last year, Union Charter Township was a Buyer's Market.
Housing Prices in Union Charter Township, MI
How much do homes in Union Charter Township, MI cost?
Median Sold Price
$225,000
$122/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Summary: The median home sold price in Union Charter Township was $225,000 in April 2024, the same as last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | - | N/A |
2 Bedrooms | $213K | $147.4K | -30.8% |
3 Bedrooms | $220K | $215K | -2.3% |
4 Bedrooms | $222.4K | $347.7K | +56.3% |
5+ Bedrooms | $476.5K | $356K | -25.3% |
Summary: Union 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 decreased by 30.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
Lincoln Township | $143K | $165K | +15.4% |
Mount Pleasant | $178K | $180.3K | +1.3% |
Union Charter Township | $225K | $225K | 0.0% |
Housing Supply in Union Charter Township, MI
How many homes are available in Union Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Summary: The Union Charter Township real estate market had 35 homes for sale in April 2024, a 9.4% 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 | 5 | 5 | 0.0% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Union 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Union Charter Township in April 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Union Charter Township, MI
How long does it take to sell a home in Union Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
193 Days | 55 Days | -71.4% |
Summary: Homes in Union Charter Township had an average of 55 days on market in Apr 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Union Charter Township; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.