Is Centerville 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, Centerville Township has remained a Seller's Market.
Key Takeaway
Centerville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville Township, MI
How much do homes in Centerville Township, MI cost?
Median Sold Price
$445,000
$264/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Centerville Township have sold for 24.9% less than they did a month ago.
Summary: The median home sold price in Centerville Township was $445,000 in May 2024, down 24.9% from last month, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $385K | $455K | +18.2% |
| 4 Bedrooms | $800K | $445K | -44.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Centerville 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 18.2%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bingham Township | $465K | $755K | +62.4% |
| Suttons Bay Township | $865K | $675K | -22.0% |
| Centerville Township | $592.5K | $445K | -24.9% |
| Lake Leelanau | $2.3M | $671K | -71.2% |
Housing Supply in Centerville Township, MI
How many homes are available in Centerville Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Centerville Township real estate market had 12 homes for sale in May 2024, a 20.0% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Centerville 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Centerville Township in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Centerville Township, MI
How long does it take to sell a home in Centerville Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 178 Days | 61 Days | -65.8% |
Summary: Homes in Centerville Township had an average of 61 days on market in May 2024, down by 65.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Centerville Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Centerville Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
