Is Dundee 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, Dundee Township has remained a Seller's Market.
Housing Prices in Dundee Township, MI
How much do homes in Dundee Township, MI cost?
Median Sold Price
$280,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Dundee Township was $280,000 in May 2024, down 5.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $100K | N/A |
2 Bedrooms | $150K | $175K | +16.7% |
3 Bedrooms | $285K | $295K | +3.5% |
4 Bedrooms | $365K | $390K | +6.8% |
5+ Bedrooms | $354K | $316K | -10.7% |
Summary: Dundee 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 increased by 16.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
Ida | $225.9K | $263.6K | +16.7% |
Milan Township | $259.9K | $295K | +13.5% |
Summerfield Township | $265K | $299.9K | +13.2% |
Dundee Township | $297K | $280K | -5.7% |
Dundee | $299.5K | $280K | -6.5% |
Housing Supply in Dundee Township, MI
How many homes are available in Dundee Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 33 | -13.2% |
Summary: The Dundee Township real estate market had 33 homes for sale in May 2024, a 13.2% decrease 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 | 4 | 3 | -25.0% |
3 Bedrooms | 24 | 18 | -25.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Dundee 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 decreased by 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Dundee Township in May 2024, up by 66.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 7% were sold at asking, and 27% were sold over asking.
Days on Market for Dundee Township, MI
How long does it take to sell a home in Dundee Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 64 Days | +9.7% |
Summary: Homes in Dundee Township had an average of 64 days on market in May 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
7 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, 15 homes were sold in Dundee Township; 47% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.