Is Morton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Morton Township was a Seller's Market.
Housing Prices in Morton Township, MI
How much do homes in Morton Township, MI cost?
Median Sold Price
$298,250
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Morton Township was $298,250 in April 2024, up 1.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $158K | $55K | -65.2% |
2 Bedrooms | $196K | $169.5K | -13.5% |
3 Bedrooms | $309.5K | $297.5K | -3.9% |
4 Bedrooms | $350K | $346.2K | -1.1% |
5+ Bedrooms | $365K | $492.2K | +34.9% |
Summary: Morton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.2%, 2 bedroom homes decreased by 13.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 34.9%.
Median Sold Price Compared To Nearby Cities
Austin Township | $218.2K | $231K | +5.8% |
Morton Township | $292.7K | $298.2K | +1.9% |
Mecosta | $161.5K | $162.8K | +0.8% |
Martiny Township | $221.2K | $190K | -14.1% |
Housing Supply in Morton Township, MI
How many homes are available in Morton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Morton Township real estate market had 44 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Morton Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Morton Township in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Morton Township, MI
How long does it take to sell a home in Morton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 32 Days | +9.5% |
Summary: Homes in Morton Township had an average of 32 days on market in Apr 2024, up by 9.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Morton Township; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.