Is Imlay 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, Imlay Township has remained a Seller's Market.
Housing Prices in Imlay Township, MI
How much do homes in Imlay Township, MI cost?
Median Sold Price
$327,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Imlay Township was $327,500 in May 2024, down 1.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $85K | $257.5K | +202.9% |
3 Bedrooms | $377.4K | $325K | -13.9% |
4 Bedrooms | $333K | $430K | +29.1% |
5+ Bedrooms | $278.5K | $695K | +149.6% |
Summary: Imlay 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 202.9%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes increased by 149.6%.
Median Sold Price Compared To Nearby Cities
Almont Township | $315K | $351.2K | +11.5% |
Imlay City | $245K | $265K | +8.2% |
Attica | $261.5K | $267.5K | +2.3% |
Imlay Township | $333K | $327.5K | -1.7% |
Housing Supply in Imlay Township, MI
How many homes are available in Imlay Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The Imlay 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 | 0 | 1 | +100.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Imlay 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 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Imlay Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Imlay Township, MI
How long does it take to sell a home in Imlay Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 14 Days | +490.0% |
Summary: Homes in Imlay Township had an average of 14 days on market in May 2024, up by 490% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Imlay Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.