Albion Township Housing Market Report February 2025Calhoun County, Michigan

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Housing Prices in Albion Township, MI

How much do homes in Albion Township, MI cost?

Housing Market Conditions

Is Albion Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Albion Township is a Buyer's Market

Difference Since February 2024

At the same time last year, Albion Township was a Seller's Market.

Insight

Albion Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$139,250$102/SqFt
+$9,250
+7.1%

Based on all homes sold in the last 12 months

Insight

Homes in Albion Township have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Albion Township was $139,250 in February 2025, up 7.1% from last year, and the median price per square foot was $102.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Homer Township
+13.8%
Sheridan Township
+11.4%
Albion Township
+7.1%
Albion
+6.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$79.9K$340K
+325.5%
2$83.9K$131K
+56.1%
3$144K$146K
+1.4%
4$155K$135.5K
-12.6%
5$160K$140.7K
-12.0%

Summary: Albion Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +325.5%. The home price for 2 bedroom homes increased by +56.1%. The home price for 3 bedroom homes increased by +1.4%. The home price for 4 bedroom homes decreased by -12.6%. The home price for 5 bedroom homes decreased by -12.0%.

Housing supply in Albion Township, MI

How many homes are available in Albion Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
43Last MonthFeb 2025
472 months agoJan 2025
-8.5 %
Change MoMJan – Feb

Summary: The Albion Township real estate market had 43 homes for sale in Feb 2025, a 8.5 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthFeb 2025
72 months agoJan 2025
-14.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
101
+100.0%
257
+40.0%
33124
-22.6%
489
+12.5%
532
-33.3%

Summary: Albion Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +40.0%. The inventory for 3 bedroom homes decreased by -22.6%. The inventory for 4 bedroom homes increased by +12.5%. The inventory for 5 bedroom homes decreased by -33.3%.

Asking Price vs. Sold Price

How much do homes in Albion Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price5 Homes

Insight

If you're buying a home in Albion Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Albion Township in February 2025, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and and 0% were sold over asking.

Days on Market for Albion Township, MI

How long does it take to sell a home in Albion Township, MI?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

Many homes in Albion Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 6 homes were sold in Albion Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
51 DaysThis YearFeb 2025
44 Days1 year agoFeb 2024
+16.2 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Albion Township had an average listing age of 51 days in Feb 2025, up by 16.2% compared to the previous year.

Newest Listings in Albion Township, MI

What homes are available in Albion Township, MI?

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Based on information from Michigan Regional Information Center LLC, RealComp II Ltd., Greater Lansing MLS, and Water Wonderland MLS Inc. for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/6/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/6/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.