Is Cascade 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
Since last year, Cascade Charter Township has remained a Seller's Market.
Housing Prices in Cascade Charter Township, MI
How much do homes in Cascade Charter Township, MI cost?
Median Sold Price
$550,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cascade Charter Township was $550,000 in May 2024, up 3.8% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $208K | - | N/A |
2 Bedrooms | $230K | $280K | +21.7% |
3 Bedrooms | $395K | $415K | +5.1% |
4 Bedrooms | $603.5K | $603.7K | 0.0% |
5+ Bedrooms | $645K | $827.5K | +28.3% |
Summary: Cascade 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 21.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 28.3%.
Median Sold Price Compared To Nearby Cities
Cascade Charter Township | $530K | $550K | +3.8% |
Ada Township | $575K | $595K | +3.5% |
Ada | $580K | $600K | +3.4% |
Kentwood | $299.4K | $309.6K | +3.4% |
Caledonia Township | $385K | $395.3K | +2.7% |
Housing Supply in Cascade Charter Township, MI
How many homes are available in Cascade Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 75 | +7.1% |
Summary: The Cascade Charter Township real estate market had 75 homes for sale in May 2024, a 7.1% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 33 | 39 | +18.2% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Cascade 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 increased by 20%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 16 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cascade Charter Township in May 2024, down by 27.3% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for Cascade Charter Township, MI
How long does it take to sell a home in Cascade Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 25 Days | +39.5% |
Summary: Homes in Cascade Charter Township had an average of 25 days on market in May 2024, up by 39.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Cascade Charter Township; 81% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.