Is Texas 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, Texas Charter Township has remained a Seller's Market.
Housing Prices in Texas Charter Township, MI
How much do homes in Texas Charter Township, MI cost?
Median Sold Price
$476,590
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Texas Charter Township was $476,590 in May 2024, up 4.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $269.5K | N/A |
2 Bedrooms | $247.5K | $287K | +16.0% |
3 Bedrooms | $335K | $367K | +9.6% |
4 Bedrooms | $446K | $453.7K | +1.7% |
5+ Bedrooms | $595K | $587.5K | -1.3% |
Summary: Texas 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 16%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
Kalamazoo | $207.2K | $224.9K | +8.5% |
Texas Charter Township | $457K | $476.5K | +4.3% |
Oshtemo Charter Township | $316.6K | $324.9K | +2.6% |
Portage | $264.9K | $269.9K | +1.9% |
Housing Supply in Texas Charter Township, MI
How many homes are available in Texas Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 81 | +15.7% |
Summary: The Texas Charter Township real estate market had 81 homes for sale in May 2024, a 15.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 29 | 39 | +34.5% |
5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Texas 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 14.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 34.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 15 | -21.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Texas Charter Township in May 2024, down by 21.1% month-over-month. Of the 15 sold homes, 13% were sold under asking, 40% were sold at asking, and 47% were sold over asking.
Days on Market for Texas Charter Township, MI
How long does it take to sell a home in Texas Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 103 Days | +137.6% |
Summary: Homes in Texas Charter Township had an average of 103 days on market in May 2024, up by 137.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Texas Charter Township; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.