Is Genesee 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, Genesee Charter Township has remained a Seller's Market.
Housing Prices in Genesee Charter Township, MI
How much do homes in Genesee Charter Township, MI cost?
Median Sold Price
$155,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Genesee Charter Township was $155,000 in May 2024, up 10.7% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $5K | - | N/A |
2 Bedrooms | $105K | $116K | +10.5% |
3 Bedrooms | $141.9K | $154.7K | +9.0% |
4 Bedrooms | $179K | $190.5K | +6.4% |
5+ Bedrooms | $270K | $225K | -16.7% |
Summary: Genesee 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 10.5%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Cities
Mount Morris | $113K | $134K | +18.6% |
Genesee Charter Township | $140K | $155K | +10.7% |
Richfield Township | $234.9K | $239K | +1.7% |
Flint | $84.6K | $77.6K | -8.3% |
Housing Supply in Genesee Charter Township, MI
How many homes are available in Genesee Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 57 | +5.6% |
Summary: The Genesee Charter Township real estate market had 57 homes for sale in May 2024, a 5.6% 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 | 9 | 14 | +55.6% |
3 Bedrooms | 35 | 32 | -8.6% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Genesee 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 55.6%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Genesee Charter Township in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 71% were sold under asking, 7% were sold at asking, and 21% were sold over asking.
Days on Market for Genesee Charter Township, MI
How long does it take to sell a home in Genesee Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 58 Days | +137.9% |
Summary: Homes in Genesee Charter Township had an average of 58 days on market in May 2024, up by 137.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Genesee Charter Township; 64% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.