Is Union 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, Union Township has remained a Buyer's Market.
Housing Prices in Union Township, MI
How much do homes in Union Township, MI cost?
Median Sold Price
$227,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union Township was $227,500 in May 2024, down 15.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209K | - | N/A |
2 Bedrooms | $315K | $185K | -41.3% |
3 Bedrooms | $230K | $250K | +8.7% |
4 Bedrooms | $225K | $225.5K | 0.2% |
5+ Bedrooms | $1.6M | $113K | -92.9% |
Summary: Union 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 41.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 92.9%.
Median Sold Price Compared To Nearby Cities
Union City | $143.7K | $158.8K | +10.5% |
Union Township | $270K | $227.5K | -15.7% |
Housing Supply in Union Township, MI
How many homes are available in Union Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Union Township real estate market had 21 homes for sale in May 2024, a 10.5% 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 | 3 | 4 | +33.3% |
3 Bedrooms | 9 | 6 | -33.3% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Union 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 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Union Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Union Township, MI
How long does it take to sell a home in Union Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 2 Days | -80.6% |
Summary: Homes in Union Township had an average of 2 days on market in May 2024, down by 80.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Union 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.