Is Dalton 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, Dalton Township has remained a Seller's Market.
Key Takeaway
Dalton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dalton Township, MI
How much do homes in Dalton Township, MI cost?
Median Sold Price
$263,450
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dalton Township have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Dalton Township was $263,450 in May 2024, up 9.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | $143.5K | -49.3% |
| 2 Bedrooms | $185K | $190K | +2.7% |
| 3 Bedrooms | $215K | $240K | +11.6% |
| 4 Bedrooms | $285K | $298.6K | +4.8% |
| 5+ Bedrooms | $259K | $336K | +29.7% |
Summary: Dalton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.3%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Dalton Township | $240K | $263.4K | +9.8% |
| Twin Lake | $270.5K | $270K | -0.2% |
| Cedar Creek Township | $225K | $223K | -0.9% |
| Blue Lake Township | $350K | $304.4K | -13.0% |
Housing Supply in Dalton Township, MI
How many homes are available in Dalton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Dalton Township real estate market had 35 homes for sale in May 2024, a 2.9% increase 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 | 7 | +40.0% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Dalton 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 40%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dalton Township, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Dalton Township in May 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Dalton Township, MI
How long does it take to sell a home in Dalton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 37 Days | +271.3% |
Summary: Homes in Dalton Township had an average of 37 days on market in May 2024, up by 271.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Dalton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Dalton Township; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
