Is Croton 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, Croton Township has remained a Seller's Market.
Housing Prices in Croton Township, MI
How much do homes in Croton Township, MI cost?
Median Sold Price
$278,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Croton Township was $278,000 in May 2024, up 6.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $99K | -41.8% |
2 Bedrooms | $225K | $210K | -6.7% |
3 Bedrooms | $285K | $276.5K | -3.0% |
4 Bedrooms | $266.5K | $400K | +50.1% |
5+ Bedrooms | $390K | $564.4K | +44.7% |
Summary: Croton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.8%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 50.1%, and 5+ bedroom homes increased by 44.7%.
Median Sold Price Compared To Nearby Cities
Big Prairie Township | $157.5K | $235K | +49.2% |
Brooks Township | $232K | $339K | +46.1% |
Croton Township | $260K | $278K | +6.9% |
Reynolds Township | $230K | $230K | 0.0% |
Housing Supply in Croton Township, MI
How many homes are available in Croton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Summary: The Croton Township real estate market had 29 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Croton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 11 | +450.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Croton Township in May 2024, up by 450.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Croton Township, MI
How long does it take to sell a home in Croton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 46 Days | +291.5% |
Summary: Homes in Croton Township had an average of 46 days on market in May 2024, up by 291.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Croton Township; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.