Is Webster 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, Webster Township has remained a Seller's Market.
Housing Prices in Webster Township, MI
How much do homes in Webster Township, MI cost?
Median Sold Price
$542,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Webster Township was $542,500 in May 2024, up 2.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | - | N/A |
2 Bedrooms | $355K | $427.5K | +20.4% |
3 Bedrooms | $495K | $449K | -9.3% |
4 Bedrooms | $530K | $574.9K | +8.5% |
5+ Bedrooms | $751.4K | $696.2K | -7.3% |
Summary: Webster 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 increased by 20.4%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Dexter | $463.2K | $500K | +7.9% |
Scio Township | $498K | $535K | +7.4% |
Whitmore Lake | $360K | $380K | +5.6% |
Hamburg Township | $385K | $406K | +5.5% |
Webster Township | $531K | $542.5K | +2.2% |
Housing Supply in Webster Township, MI
How many homes are available in Webster Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 38 | +26.7% |
Summary: The Webster Township real estate market had 38 homes for sale in May 2024, a 26.7% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Webster 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Webster Township in May 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Webster Township, MI
How long does it take to sell a home in Webster Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
162 Days | 69 Days | -57.3% |
Summary: Homes in Webster Township had an average of 69 days on market in May 2024, down by 57.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Webster Township; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.