Is Polkton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Polkton Charter Township has remained a Seller's Market.
Housing Prices in Polkton Charter Township, MI
How much do homes in Polkton Charter Township, MI cost?
Median Sold Price
$263,500
$207/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Polkton Charter Township was $263,500 in May 2024, down 42.3% from last month, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $425K | $200K | -52.9% |
3 Bedrooms | - | - | N/A |
4 Bedrooms | $488K | $327K | -33.0% |
5+ Bedrooms | - | - | N/A |
Summary: Polkton Charter Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 52.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 33%, and 5+ bedroom homes did not change.
Housing Supply in Polkton Charter Township, MI
How many homes are available in Polkton Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Summary: The Polkton Charter Township real estate market had 11 homes for sale in May 2024, a 83.3% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 3 | 5 | +66.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Polkton 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 150%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Polkton Charter Township in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Polkton Charter Township, MI
How long does it take to sell a home in Polkton Charter Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 Days | 4 Days | -94.5% |
Summary: Homes in Polkton Charter Township had an average of 4 days on market in May 2024, down by 94.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Polkton Charter Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.