Is Howell, 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, Howell has remained a Seller's Market.
Key Takeaway
Howell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howell, MI
How much do homes in Howell, MI cost?
Median Sold Price
$352,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Howell have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Howell was $352,000 in May 2024, up 1.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | $127.5K | -42.0% |
| 2 Bedrooms | $230K | $243K | +5.7% |
| 3 Bedrooms | $335K | $339.7K | +1.4% |
| 4 Bedrooms | $410K | $430K | +4.9% |
| 5+ Bedrooms | $490K | $532.5K | +8.7% |
Summary: Howell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $358.2K | $401K | +11.9% |
| Oceola Township | $375.5K | $390.5K | +4.0% |
| Howell Township | $345.5K | $352.5K | +2.0% |
| Howell | $346K | $352K | +1.7% |
| Marion Township | $365K | $367.7K | +0.8% |
Housing Supply in Howell, MI
How many homes are available in Howell, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 202 | 226 | +11.9% |
Summary: The Howell real estate market had 226 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 41 | 48 | +17.1% |
| 3 Bedrooms | 91 | 99 | +8.8% |
| 4 Bedrooms | 53 | 61 | +15.1% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Howell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 48 | -31.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howell, you could pay more than the asking price. 52.1% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in Howell in May 2024, down by 31.4% month-over-month. Of the 48 sold homes, 31% were sold under asking, 17% were sold at asking, and 52% were sold over asking.
Days on Market for Howell, MI
How long does it take to sell a home in Howell, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 23 Days | +36.4% |
Summary: Homes in Howell had an average of 23 days on market in May 2024, up by 36.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in Howell; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource. 
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.