Is Croton 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, Croton Township has remained a Seller's Market.
Key Takeaway
Croton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Croton Township, MI
How much do homes in Croton Township, MI cost?
Median Sold Price
$278,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Croton Township have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Croton Township was $278,000 in May 2024, up 6.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $99K | -41.8% |
| 2 Bedrooms | $225K | $210K | -6.7% |
| 3 Bedrooms | $285K | $276.5K | -3.0% |
| 4 Bedrooms | $266.5K | $400K | +50.1% |
| 5+ Bedrooms | $390K | $564.4K | +44.7% |
Summary: Croton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.8%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Cities
| Big Prairie Township | $157.5K | $235K | +49.2% |
| Brooks Township | $232K | $339K | +46.1% |
| Croton Township | $260K | $278K | +6.9% |
| Reynolds Township | $230K | $230K | 0.0% |
Housing Supply in Croton Township, MI
How many homes are available in Croton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Croton Township real estate market had 29 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 | 0 | 1 | +100.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Croton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 11 | +450.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Croton Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Croton Township in May 2024, up by 450.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Croton Township, MI
How long does it take to sell a home in Croton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 46 Days | +291.5% |
Summary: Homes in Croton Township had an average of 46 days on market in May 2024, up by 291.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Croton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Croton Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
