Is Buena Vista 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, Buena Vista Charter Township has remained a Seller's Market.
Key Takeaway
Buena Vista Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buena Vista Charter Township, MI
How much do homes in Buena Vista Charter Township, MI cost?
Median Sold Price
$72,250
$67/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buena Vista Charter Township have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in Buena Vista Charter Township was $72,250 in May 2024, up 24.7% from last year, and the median price per square foot was $67.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $3K | N/A |
| 2 Bedrooms | $42.5K | $34K | -20.0% |
| 3 Bedrooms | $67K | $76K | +13.4% |
| 4 Bedrooms | $89K | $135K | +51.7% |
| 5+ Bedrooms | $118K | $209.9K | +77.9% |
Summary: Buena Vista 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 decreased by 20%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 51.7%, and 5+ bedroom homes increased by 77.9%.
Median Sold Price Compared To Nearby Cities
| Buena Vista Charter Township | $57.9K | $72.2K | +24.7% |
| Saginaw | $118.9K | $137.5K | +15.7% |
| Bridgeport | $170K | $158.9K | -6.5% |
Housing Supply in Buena Vista Charter Township, MI
How many homes are available in Buena Vista Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Buena Vista Charter Township real estate market had 24 homes for sale in May 2024, a 7.7% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Buena Vista 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 decreased by 20%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buena Vista Charter Township, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Buena Vista Charter Township in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 0% were sold under asking, 60% were sold at asking, and 40% were sold over asking.
Days on Market for Buena Vista Charter Township, MI
How long does it take to sell a home in Buena Vista Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 14 Days | -67.8% |
Summary: Homes in Buena Vista Charter Township had an average of 14 days on market in May 2024, down by 67.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buena Vista Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Buena Vista Charter Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
