Is Washington, 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, Washington has remained a Seller's Market.
Housing Prices in Washington, MI
How much do homes in Washington, MI cost?
Median Sold Price
$427,685
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Washington was $427,685 in April 2024, up 1.8% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $307.9K | $320.4K | +4.1% |
3 Bedrooms | $400K | $420K | +5.0% |
4 Bedrooms | $490K | $587.5K | +19.9% |
5+ Bedrooms | $660K | $992.5K | +50.4% |
Summary: Washington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 50.4%.
Median Sold Price Compared To Nearby Cities
Romeo | $286K | $388.1K | +35.7% |
Oakland | $600K | $725K | +20.8% |
Washington Township | $395K | $420K | +6.3% |
Washington | $420K | $427.6K | +1.8% |
Oakland Charter Township | $590K | $596.5K | +1.1% |
Housing Supply in Washington, MI
How many homes are available in Washington, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 78 | +13.0% |
Summary: The Washington real estate market had 78 homes for sale in April 2024, a 13.0% 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 | 16 | 6 | -62.5% |
3 Bedrooms | 28 | 39 | +39.3% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Washington 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 62.5%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Washington in April 2024, down by 5.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Washington, MI
How long does it take to sell a home in Washington, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
167 Days | 25 Days | -84.6% |
Summary: Homes in Washington had an average of 25 days on market in Apr 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Washington; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.