Is Tyrone 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, Tyrone Township has remained a Seller's Market.
Housing Prices in Tyrone Township, MI
How much do homes in Tyrone Township, MI cost?
Median Sold Price
$297,450
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tyrone Township was $297,450 in May 2024, up 16% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72.5K | - | N/A |
2 Bedrooms | $197.5K | $190K | -3.8% |
3 Bedrooms | $247.9K | $310K | +25.1% |
4 Bedrooms | $328K | $287.2K | -12.4% |
5+ Bedrooms | $300K | $671.2K | +123.7% |
Summary: Tyrone 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 decreased by 3.8%, 3 bedroom homes increased by 25.1%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 123.7%.
Median Sold Price Compared To Nearby Cities
Tyrone Township | $256.5K | $297.4K | +16.0% |
Kent City | $258K | $295K | +14.3% |
Sparta Township | $272K | $292.5K | +7.5% |
Housing Supply in Tyrone Township, MI
How many homes are available in Tyrone Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Tyrone Township real estate market had 19 homes for sale in May 2024, a 18.8% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tyrone 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 200%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Tyrone Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Tyrone Township, MI
How long does it take to sell a home in Tyrone Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 13 Days | +25.0% |
Summary: Homes in Tyrone Township had an average of 13 days on market in May 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
5 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, 6 homes were sold in Tyrone Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.