Is Macomb 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, Macomb Township has remained a Seller's Market.
Housing Prices in Macomb Township, MI
How much do homes in Macomb Township, MI cost?
Median Sold Price
$430,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Macomb Township was $430,000 in May 2024, up 5.4% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $263K | $255K | -3.0% |
3 Bedrooms | $377K | $400K | +6.1% |
4 Bedrooms | $475K | $520K | +9.5% |
5+ Bedrooms | $561.7K | $465K | -17.2% |
Summary: Macomb 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 3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
Macomb Township | $408K | $430K | +5.4% |
Macomb | $407.9K | $430.1K | +5.4% |
Chesterfield Township | $300.3K | $314.9K | +4.9% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Macomb Township, MI
How many homes are available in Macomb Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
229 | 281 | +22.7% |
Summary: The Macomb Township real estate market had 281 homes for sale in May 2024, a 22.7% 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 | 34 | 51 | +50.0% |
3 Bedrooms | 83 | 99 | +19.3% |
4 Bedrooms | 105 | 120 | +14.3% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Macomb 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 50%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
65 | 80 | +23.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Macomb Township in May 2024, up by 23.1% month-over-month. Of the 80 sold homes, 29% were sold under asking, 19% were sold at asking, and 53% were sold over asking.
Days on Market for Macomb Township, MI
How long does it take to sell a home in Macomb Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 20 Days | -11.4% |
Summary: Homes in Macomb Township had an average of 20 days on market in May 2024, down by 11.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 80 homes were sold in Macomb Township; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.