Is Northville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northville Township has remained a Seller's Market.
Housing Prices in Northville Township, MI
How much do homes in Northville Township, MI cost?
Median Sold Price
$495,816
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northville Township was $495,816 in April 2024, down 0.9% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $143K | $156.2K | +9.3% |
2 Bedrooms | $275K | $285.1K | +3.7% |
3 Bedrooms | $442K | $450K | +1.8% |
4 Bedrooms | $660K | $648.8K | -1.7% |
5+ Bedrooms | $950K | $910K | -4.2% |
Summary: Northville Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.3%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Cities
Livonia | $264.4K | $285K | +7.8% |
Plymouth Charter Township | $402K | $425.5K | +5.8% |
Northville | $499K | $500K | 0.2% |
Novi | $435.3K | $434.1K | -0.3% |
Northville Township | $500.4K | $495.8K | -0.9% |
Housing Supply in Northville Township, MI
How many homes are available in Northville Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
123 | 148 | +20.3% |
Summary: The Northville Township real estate market had 148 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 36 | 37 | +2.8% |
3 Bedrooms | 42 | 48 | +14.3% |
4 Bedrooms | 27 | 42 | +55.6% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Northville 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 increased by 2.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Northville Township in April 2024, up by 13.9% month-over-month. Of the 41 sold homes, 46% were sold under asking, 7% were sold at asking, and 46% were sold over asking.
Days on Market for Northville Township, MI
How long does it take to sell a home in Northville Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 17 Days | -37.2% |
Summary: Homes in Northville Township had an average of 17 days on market in Apr 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 41 homes were sold in Northville Township; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.