Is Delta 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, Delta Charter Township has remained a Seller's Market.
Housing Prices in Delta Charter Township, MI
How much do homes in Delta Charter Township, MI cost?
Median Sold Price
$275,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Delta Charter Township was $275,000 in May 2024, up 8.6% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $188K | $202K | +7.4% |
3 Bedrooms | $232.4K | $270K | +16.2% |
4 Bedrooms | $300K | $322.5K | +7.5% |
5+ Bedrooms | $452.7K | $396.5K | -12.4% |
Summary: Delta 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 increased by 7.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Cities
Watertown Charter Township | $348K | $380K | +9.2% |
Delta Charter Township | $253.1K | $275K | +8.6% |
Lansing Charter Township | $137.5K | $149.1K | +8.4% |
Lansing | $139.4K | $149.9K | +7.5% |
DeWitt Charter Township | $335K | $330.4K | -1.4% |
Housing Supply in Delta Charter Township, MI
How many homes are available in Delta Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 104 | +16.9% |
Summary: The Delta Charter Township real estate market had 104 homes for sale in May 2024, a 16.9% 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 | 16 | 22 | +37.5% |
3 Bedrooms | 40 | 40 | 0.0% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Delta 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 increased by 37.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 28 | -17.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Delta Charter Township in May 2024, down by 17.6% month-over-month. Of the 28 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.
Days on Market for Delta Charter Township, MI
How long does it take to sell a home in Delta Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 29 Days | +11.2% |
Summary: Homes in Delta Charter Township had an average of 29 days on market in May 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 28 homes were sold in Delta Charter Township; 79% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.