Is Blair Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Blair Township has remained a Seller's Market.
Housing Prices in Blair Township, MI
How much do homes in Blair Township, MI cost?
Median Sold Price
$363,800
$265/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Blair Township was $363,800 in May 2024, up 13.7% from last month, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $132K | N/A |
3 Bedrooms | $297.5K | $350K | +17.6% |
4 Bedrooms | $475K | $572.1K | +20.5% |
5+ Bedrooms | - | - | N/A |
Summary: Blair Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Blair Township | $320K | $363.8K | +13.7% |
Grawn | $319.5K | $349.9K | +9.5% |
Housing Supply in Blair Township, MI
How many homes are available in Blair Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Summary: The Blair Township real estate market had 58 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 33 | 39 | +18.2% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Blair 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 18.2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Blair Township in May 2024, up by 9.1% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% were sold over asking.
Days on Market for Blair Township, MI
How long does it take to sell a home in Blair Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 Days | 102 Days | +35.9% |
Summary: Homes in Blair Township had an average of 102 days on market in May 2024, up by 35.9% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Blair Township; 25% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.