Is Coldwater Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Coldwater Township has remained a Seller's Market.
Housing Prices in Coldwater Township, MI
How much do homes in Coldwater Township, MI cost?
Median Sold Price
$205,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Coldwater Township was $205,000 in March 2024, up 17.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.5K | $95K | -28.3% |
2 Bedrooms | $154.9K | $154K | -0.6% |
3 Bedrooms | $170K | $220K | +29.4% |
4 Bedrooms | $208.7K | $267.5K | +28.1% |
5+ Bedrooms | $260K | $420.2K | +61.6% |
Summary: Coldwater Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 61.6%.
Median Sold Price Compared To Nearby Cities
Garfield Township | $125K | $156.5K | +25.2% |
Coldwater Township | $175K | $205K | +17.1% |
Lake | $131K | $124.5K | -4.9% |
Housing Supply in Coldwater Township, MI
How many homes are available in Coldwater Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 102 | +9.7% |
Summary: The Coldwater Township real estate market had 102 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 19 | +5.6% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The Coldwater Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Coldwater Township in March 2024, up by 50.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 43% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 63 Days | +87.0% |
Summary: Homes in Coldwater Township had an average of 63 days on market in Mar 2024, up by 87% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Coldwater Township; 43% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.