Is Delhi 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, Delhi Charter Township has remained a Seller's Market.
Key Takeaway
Delhi Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Delhi Charter Township, MI
How much do homes in Delhi Charter Township, MI cost?
Median Sold Price
$280,500
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Delhi Charter Township have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Delhi Charter Township was $280,500 in May 2024, up 13.5% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $83K | - | N/A |
| 2 Bedrooms | $164K | $140K | -14.6% |
| 3 Bedrooms | $243.8K | $267.9K | +9.8% |
| 4 Bedrooms | $303K | $335.7K | +10.8% |
| 5+ Bedrooms | $337K | $372K | +10.4% |
Summary: Delhi 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 14.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Delhi Charter Township | $247.1K | $280.5K | +13.5% |
| Holt | $240K | $272K | +13.3% |
| Lansing Charter Township | $137.5K | $149.1K | +8.4% |
| Lansing | $139.4K | $149.9K | +7.5% |
| Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Delhi Charter Township, MI
How many homes are available in Delhi Charter Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 64 | +4.9% |
Summary: The Delhi Charter Township real estate market had 64 homes for sale in May 2024, a 4.9% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Delhi 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Delhi Charter Township, you could pay more than the asking price. 70.6% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Delhi Charter Township in May 2024, down by 26.1% month-over-month. Of the 17 sold homes, 24% were sold under asking, 6% were sold at asking, and 71% were sold over asking.
Days on Market for Delhi Charter Township, MI
How long does it take to sell a home in Delhi Charter Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +10.2% |
Summary: Homes in Delhi Charter Township had an average of 25 days on market in May 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
14 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 Delhi Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Delhi Charter Township; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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