Is Nottawa 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, Nottawa Township has remained a Seller's Market.
Housing Prices in Nottawa Township, MI
How much do homes in Nottawa Township, MI cost?
Median Sold Price
$207,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nottawa Township was $207,000 in April 2024, up 3.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.9K | $132K | +19.0% |
2 Bedrooms | $142.9K | $126.2K | -11.7% |
3 Bedrooms | $252K | $382.5K | +51.8% |
4 Bedrooms | $236.9K | $212.5K | -10.3% |
5+ Bedrooms | $602.5K | $290.2K | -51.8% |
Summary: Nottawa Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 51.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
Sherman Township | $330K | $344.9K | +4.5% |
Nottawa Township | $200.2K | $207K | +3.4% |
Mendon Township | $204.5K | $161K | -21.3% |
Housing Supply in Nottawa Township, MI
How many homes are available in Nottawa Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Nottawa Township real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Nottawa 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Nottawa Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Nottawa Township, MI
How long does it take to sell a home in Nottawa Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 59 Days | +337.0% |
Summary: Homes in Nottawa Township had an average of 59 days on market in Apr 2024, up by 337% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Nottawa Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.