Is Tyrone 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, Tyrone Township has remained a Seller's Market.
Housing Prices in Tyrone Township, MI
How much do homes in Tyrone Township, MI cost?
Median Sold Price
$400,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tyrone Township was $400,000 in May 2024, down 0.5% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $325K | - | N/A |
2 Bedrooms | $312.5K | $360K | +15.2% |
3 Bedrooms | $343K | $370K | +7.9% |
4 Bedrooms | $410K | $504K | +22.9% |
5+ Bedrooms | $662.9K | $576.5K | -13.0% |
Summary: Tyrone 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 15.2%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
Fenton | $320K | $338.3K | +5.7% |
Fenton | $320K | $338.3K | +5.7% |
Fenton Charter Township | $325K | $340.2K | +4.7% |
Rose Township | $350K | $359.9K | +2.8% |
Tyrone Township | $402K | $400K | -0.5% |
Housing Supply in Tyrone Township, MI
How many homes are available in Tyrone Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 37 | +94.7% |
Summary: The Tyrone Township real estate market had 37 homes for sale in May 2024, a 94.7% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 5 | 14 | +180.0% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Tyrone 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 increased by 42.9%, 4 bedroom homes increased by 180%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tyrone Township in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Tyrone Township, MI
How long does it take to sell a home in Tyrone Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 26 Days | +153.1% |
Summary: Homes in Tyrone Township had an average of 26 days on market in May 2024, up by 153.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Tyrone Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.