Is Elmira 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, Elmira Township has remained a Seller's Market.
Housing Prices in Elmira Township, MI
How much do homes in Elmira Township, MI cost?
Median Sold Price
$249,900
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elmira Township was $249,900 in May 2024, up 2% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $235K | $253K | +7.7% |
3 Bedrooms | $245K | $237.5K | -3.1% |
4 Bedrooms | $205K | $424K | +106.8% |
5+ Bedrooms | $475K | $495K | +4.2% |
Summary: Elmira 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 7.7%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 106.8%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Elmira Township | $245K | $249.9K | +2.0% |
Elmira | $237K | $235K | -0.8% |
Hudson Township | $165K | $149.9K | -9.1% |
Housing Supply in Elmira Township, MI
How many homes are available in Elmira Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 27 | +17.4% |
Summary: The Elmira Township real estate market had 27 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Elmira 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 66.7%, 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 |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Elmira Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% were sold over asking.
Days on Market for Elmira Township, MI
How long does it take to sell a home in Elmira Township, MI?
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
Summary: During May 2024, 7 homes were sold in Elmira Township; 0% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.