Is Albert Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Albert Township was a Seller's Market.
Housing Prices in Albert Township, MI
How much do homes in Albert Township, MI cost?
Median Sold Price
$217,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Albert Township was $217,500 in May 2024, up 19.5% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $108.7K | $171K | +57.2% |
2 Bedrooms | $135K | $134K | -0.7% |
3 Bedrooms | $199K | $250K | +25.6% |
4 Bedrooms | $350K | $282.5K | -19.3% |
5+ Bedrooms | - | $689K | N/A |
Summary: Albert Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.2%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Charlton Township | $176K | $287.4K | +63.3% |
Albert Township | $182K | $217.5K | +19.5% |
Lewiston | $158K | $167.5K | +6.0% |
Greenwood Township | $166.5K | $159K | -4.5% |
Housing Supply in Albert Township, MI
How many homes are available in Albert Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Summary: The Albert Township real estate market had 25 homes for sale in May 2024, a 56.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 6 | +500.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Albert Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 500%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Albert Township in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Albert Township, MI
We’re sorry, we don't have information for this market at the moment