Is Mundy 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, Mundy Township has remained a Seller's Market.
Housing Prices in Mundy Township, MI
How much do homes in Mundy Township, MI cost?
Median Sold Price
$250,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mundy Township was $250,000 in May 2024, up 7.6% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $170K | $178K | +4.7% |
3 Bedrooms | $224K | $246K | +9.8% |
4 Bedrooms | $269.4K | $299.9K | +11.3% |
5+ Bedrooms | $288.9K | $295.9K | +2.4% |
Summary: Mundy 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 4.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Mundy Township | $232.3K | $250K | +7.6% |
Grand Blanc Charter Township | $249.9K | $264.7K | +5.9% |
Burton | $155.1K | $162.7K | +4.9% |
Flint | $84.6K | $77.6K | -8.3% |
Flint Charter Township | $87.3K | $80K | -8.5% |
Housing Supply in Mundy Township, MI
How many homes are available in Mundy Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 76 | -3.8% |
Summary: The Mundy Township real estate market had 76 homes for sale in May 2024, a 3.8% decrease 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 | 18 | 15 | -16.7% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Mundy 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 decreased by 16.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 21 | -19.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Mundy Township in May 2024, down by 19.2% month-over-month. Of the 21 sold homes, 24% were sold under asking, 43% were sold at asking, and 33% were sold over asking.
Days on Market for Mundy Township, MI
How long does it take to sell a home in Mundy Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 26 Days | -33.7% |
Summary: Homes in Mundy Township had an average of 26 days on market in May 2024, down by 33.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Mundy Township; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.