Is Coldwater Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coldwater Township is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Coldwater Township was a Seller's Market.

Key Takeaway

Coldwater Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Coldwater Township, MI

How much do homes in Coldwater Township, MI cost?

Median Sold Price

$228,300

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$30,800(+15.6%)

Key Takeaway

Homes in Coldwater Township have sold for 15.6% more than they did a year ago.

Summary: The median home sold price in Coldwater Township was $228,300 in November 2024, up 15.6% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$100K
-23.1%
2 $159.9K$151K
-5.6%
3 $205K$225K
+9.8%
4 $184K$275K
+49.5%
5+ $410.5K$317.4K
-22.7%

Summary: Coldwater Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Cities

Coldwater Township
+15.6%
Coldwater
+15.6%
Ovid Township
+11.9%
Quincy Township
+3.0%

Housing Supply in Coldwater Township, MI

How many homes are available in Coldwater Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9888-10.2%

Summary: The Coldwater Township real estate market had 88 homes for sale in November 2024, a 10.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 24
+100.0%
2 1412
-14.3%
3 5246
-11.5%
4 2120
-4.8%
5+ 96
-33.3%

Summary: The Coldwater Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2813-53.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coldwater Township, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Coldwater Township in November 2024, down by 53.6% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for Coldwater Township, MI

How long does it take to sell a home in Coldwater Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days61 Days+25.2%

Summary: Homes in Coldwater Township had an average of 61 days on market in Nov 2024, up by 25.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Coldwater Township has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Coldwater Township; 15% of homes were sold within 30 days, 69% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Coldwater Township, MI

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