Housing Prices in Summit Township, MI
How much do homes in Summit Township, MI cost?
Median List Price
$429,900
$216/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Summit Township has decreased by 10.3% since last year.
Summary: The median home list price in Summit Township was $429,900 in May 2024, down 10.3% from the previous year, and the median price per square foot was $216.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | - | N/A |
| 2 Bedrooms | $385K | $59.9K | -84.4% |
| 3 Bedrooms | $374.5K | $185K | -50.6% |
| 4 Bedrooms | $495K | $1.2M | +152.1% |
| 5+ Bedrooms | $1.0M | $806.4K | -22.3% |
Summary: Summit 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 decreased by 84.4%, 3 bedroom homes decreased by 50.6%, 4 bedroom homes increased by 152.1%, and 5+ bedroom homes decreased by 22.3%.
Median List Price Compared To Nearby Cities
| Riverton Township | $195K | $552.5K | +183.3% |
| Pere Marquette Charter Township | $269.9K | $349K | +29.3% |
| Pentwater Township | $342.4K | $397K | +15.9% |
| Summit Township | $479K | $429.9K | -10.3% |
Housing Supply in Summit Township, MI
How many homes are available in Summit Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Summary: The Summit Township real estate market had 4 homes for sale in May 2024, a 300.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 0 | 1 | +100.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summit 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Summit Township, MI
How long does it take to sell a home in Summit Township, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 170 Days | 23 Days | -86.0% |
Summary: Homes in Summit Township had an average listing age of 23 days in May 2024, down by 86% compared to the previous year.
