Is Dalton 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, Dalton Township has remained a Seller's Market.
Housing Prices in Dalton Township, MI
How much do homes in Dalton Township, MI cost?
Median Sold Price
$263,450
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dalton Township was $263,450 in May 2024, up 9.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283K | $143.5K | -49.3% |
2 Bedrooms | $185K | $190K | +2.7% |
3 Bedrooms | $215K | $240K | +11.6% |
4 Bedrooms | $285K | $298.6K | +4.8% |
5+ Bedrooms | $259K | $336K | +29.7% |
Summary: Dalton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
Dalton Township | $240K | $263.4K | +9.8% |
Twin Lake | $270.5K | $270K | -0.2% |
Cedar Creek Township | $225K | $223K | -0.9% |
Blue Lake Township | $350K | $304.4K | -13.0% |
Housing Supply in Dalton Township, MI
How many homes are available in Dalton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Dalton Township real estate market had 35 homes for sale in May 2024, a 2.9% 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 | 7 | +40.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 8 | 4 | -50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dalton 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 40%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Dalton Township in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Dalton Township, MI
How long does it take to sell a home in Dalton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 37 Days | +271.3% |
Summary: Homes in Dalton Township had an average of 37 days on market in May 2024, up by 271.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Dalton Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.