Is Caledonia 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, Caledonia Township has remained a Seller's Market.
Housing Prices in Caledonia Township, MI
How much do homes in Caledonia Township, MI cost?
Median Sold Price
$395,392
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Caledonia Township was $395,392 in May 2024, up 2.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $230K | -33.3% |
2 Bedrooms | $269.9K | $310K | +14.8% |
3 Bedrooms | $345K | $375K | +8.7% |
4 Bedrooms | $439.5K | $433K | -1.5% |
5+ Bedrooms | $540K | $535K | -0.9% |
Summary: Caledonia Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
Caledonia | $370K | $389.9K | +5.4% |
Cascade Charter Township | $530K | $550K | +3.8% |
Caledonia Township | $385K | $395.3K | +2.7% |
Alto | $463.7K | $470K | +1.3% |
Bowne Township | $424K | $399.9K | -5.7% |
Housing Supply in Caledonia Township, MI
How many homes are available in Caledonia Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 101 | +20.2% |
Summary: The Caledonia Township real estate market had 101 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 14 | 23 | +64.3% |
Summary: The Caledonia Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 64.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Caledonia Township in May 2024, down by 13.3% month-over-month. Of the 26 sold homes, 31% were sold under asking, 27% were sold at asking, and 42% were sold over asking.
Days on Market for Caledonia Township, MI
How long does it take to sell a home in Caledonia Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 28 Days | +72.2% |
Summary: Homes in Caledonia Township had an average of 28 days on market in May 2024, up by 72.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Caledonia Township; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.