Is Taymouth 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, Taymouth Township has remained a Seller's Market.
Key Takeaway
Taymouth Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Taymouth Township, MI
How much do homes in Taymouth Township, MI cost?
Median Sold Price
$194,500
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Taymouth Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Taymouth Township was $194,500 in May 2024, up 6.3% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85K | $180.5K | +112.4% |
| 3 Bedrooms | $200K | $180K | -10.0% |
| 4 Bedrooms | $205K | $244.9K | +19.5% |
| 5+ Bedrooms | $135K | $240K | +77.8% |
Summary: Taymouth 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 112.4%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 77.8%.
Median Sold Price Compared To Nearby Cities
| Burt | $157K | $180K | +14.6% |
| Taymouth Township | $183K | $194.5K | +6.3% |
| Bridgeport Charter Township | $124K | $128.5K | +3.6% |
| Birch Run Township | $218K | $211K | -3.2% |
| Bridgeport | $170K | $158.9K | -6.5% |
Housing Supply in Taymouth Township, MI
How many homes are available in Taymouth Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Summary: The Taymouth Township real estate market had 13 homes for sale in May 2024, a 62.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Taymouth 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 100%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Taymouth Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Taymouth Township in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Taymouth Township, MI
How long does it take to sell a home in Taymouth Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 8 Days | -75.6% |
Summary: Homes in Taymouth Township had an average of 8 days on market in May 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Taymouth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Taymouth Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
