Is Worth 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, Worth Township has remained a Seller's Market.
Housing Prices in Worth Township, MI
How much do homes in Worth Township, MI cost?
Median Sold Price
$234,950
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Worth Township was $234,950 in April 2024, up 6.8% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $162.2K | $230K | +41.8% |
3 Bedrooms | $220K | $242.5K | +10.2% |
4 Bedrooms | $475K | $355K | -25.3% |
5+ Bedrooms | - | $375K | N/A |
Summary: Worth Township 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 41.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Worth Township | $220K | $234.9K | +6.8% |
Grant Township | $237.5K | $226.5K | -4.6% |
Housing Supply in Worth Township, MI
How many homes are available in Worth Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Summary: The Worth Township real estate market had 22 homes for sale in April 2024, a 57.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 7 | 13 | +85.7% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Worth Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Worth Township in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Worth Township, MI
How long does it take to sell a home in Worth Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Worth Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.