Is Cooper 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
At the same time last year, Cooper Charter Township was a Buyer's Market.
Key Takeaway
Cooper Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cooper Charter Township, MI
How much do homes in Cooper Charter Township, MI cost?
Median Sold Price
$260,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cooper Charter Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Cooper Charter Township was $260,000 in May 2024, up 13.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $147.5K | -18.1% |
| 2 Bedrooms | $147.5K | $162K | +9.8% |
| 3 Bedrooms | $231.5K | $260K | +12.3% |
| 4 Bedrooms | $260K | $315K | +21.2% |
| 5+ Bedrooms | $379K | $330K | -12.9% |
Summary: Cooper Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Parchment | $182.5K | $223K | +22.2% |
| Gun Plain Township | $277.4K | $328.5K | +18.4% |
| Cooper Charter Township | $229K | $260K | +13.5% |
| Kalamazoo Charter Township | $207.7K | $224.7K | +8.2% |
| Richland Township | $353.4K | $352.5K | -0.3% |
Housing Supply in Cooper Charter Township, MI
How many homes are available in Cooper Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Cooper Charter Township real estate market had 16 homes for sale in May 2024, a 11.1% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Cooper 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 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cooper Charter Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Cooper Charter Township in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Cooper Charter Township, MI
How long does it take to sell a home in Cooper Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 65 Days | +574.4% |
Summary: Homes in Cooper Charter Township had an average of 65 days on market in May 2024, up by 574.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cooper Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Cooper Charter Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.