Is Addison Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Addison Township was a Neutral Market.
Housing Prices in Addison Township, MI
How much do homes in Addison Township, MI cost?
Median Sold Price
$394,500
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Addison Township was $394,500 in April 2024, down 4.2% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $412.5K | $18K | -95.6% |
2 Bedrooms | $295K | $200K | -32.2% |
3 Bedrooms | $382.5K | $350K | -8.5% |
4 Bedrooms | $384.9K | $530K | +37.7% |
5+ Bedrooms | $625K | $573.4K | -8.2% |
Summary: Addison Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 95.6%, 2 bedroom homes decreased by 32.2%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Cities
Oakland | $600K | $725K | +20.8% |
Leonard | $425K | $482.2K | +13.5% |
Bruce Township | $394.1K | $415K | +5.3% |
Oakland Charter Township | $590K | $596.5K | +1.1% |
Addison Township | $412K | $394.5K | -4.2% |
Housing Supply in Addison Township, MI
How many homes are available in Addison Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Summary: The Addison Township real estate market had 29 homes for sale in April 2024, a 31.8% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Addison 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 increased by 100%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Addison Township in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Addison Township, MI
How long does it take to sell a home in Addison Township, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Addison Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.