Is Chippewa 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, Chippewa Township has remained a Seller's Market.
Housing Prices in Chippewa Township, MI
How much do homes in Chippewa Township, MI cost?
Median Sold Price
$150,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chippewa Township was $150,000 in May 2024, up 7.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $168.5K | $180K | +6.8% |
2 Bedrooms | $109.9K | $135K | +22.8% |
3 Bedrooms | $150K | $195K | +30.0% |
4 Bedrooms | $299.9K | $855K | +185.0% |
5+ Bedrooms | - | - | N/A |
Summary: Chippewa Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 185%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Rodney | $170K | $250K | +47.1% |
Martiny Township | $187.5K | $215.7K | +15.1% |
Chippewa Township | $140K | $150K | +7.1% |
Housing Supply in Chippewa Township, MI
How many homes are available in Chippewa Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Chippewa Township real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Chippewa Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Chippewa Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Chippewa Township, MI
How long does it take to sell a home in Chippewa Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 44 Days | -52.5% |
Summary: Homes in Chippewa Township had an average of 44 days on market in May 2024, down by 52.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Chippewa Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.