Is Augusta Charter 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, Augusta Charter Township was a Seller's Market.
Housing Prices in Augusta Charter Township, MI
How much do homes in Augusta Charter Township, MI cost?
Median Sold Price
$338,500
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Augusta Charter Township was $338,500 in May 2024, up 1% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $160K | N/A |
2 Bedrooms | $188K | $200K | +6.4% |
3 Bedrooms | $290K | $300K | +3.4% |
4 Bedrooms | $395.2K | $399.5K | +1.1% |
5+ Bedrooms | $560K | $446K | -20.4% |
Summary: Augusta Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 20.4%.
Median Sold Price Compared To Nearby Cities
Ypsilanti Charter Township | $269.9K | $275K | +1.9% |
Sumpter Township | $276.9K | $279.9K | +1.1% |
Augusta Charter Township | $335K | $338.5K | +1.0% |
Housing Supply in Augusta Charter Township, MI
How many homes are available in Augusta Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 44 | +15.8% |
Summary: The Augusta Charter Township real estate market had 44 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Augusta Charter Township housing inventory by bedroom type for May 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 9.1%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Augusta Charter Township in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Augusta Charter Township, MI
How long does it take to sell a home in Augusta Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 26 Days | -39.7% |
Summary: Homes in Augusta Charter Township had an average of 26 days on market in May 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Augusta Charter Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.