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 seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Coldwater Township has remained a Seller's Market.

Key Takeaway

Coldwater Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Coldwater Township, MI

How much do homes in Coldwater Township, MI cost?

Median Sold Price

$235,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$48,000(+25.7%)

Key Takeaway

Homes in Coldwater Township have sold for 25.7% more than they did a year ago.

Summary: The median home sold price in Coldwater Township was $235,000 in September 2024, up 25.7% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $125K$100K
-20.0%
2 $160.2K$147.4K
-8.0%
3 $196K$230K
+17.3%
4 $176.6K$297.4K
+68.4%
5+ $380.2K$319.9K
-15.9%

Summary: Coldwater Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 68.4%, and 5+ bedroom homes decreased by 15.9%.

Median Sold Price Compared To Nearby Cities

Coldwater Township
+25.7%
Weidman
+7.4%
Lake
-3.5%
Garfield Township
-8.8%

Housing Supply in Coldwater Township, MI

How many homes are available in Coldwater Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
106102-3.8%

Summary: The Coldwater Township real estate market had 102 homes for sale in September 2024, a 3.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 1515
0.0%
3 5652
-7.1%
4 2525
0.0%
5+ 87
-12.5%

Summary: The Coldwater Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2925-13.8%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were 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. 64% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Coldwater Township in September 2024, down by 13.8% month-over-month. Of the 25 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% 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

Sep 2023Sep 2024CHANGE
80 Days63 Days-20.9%

Summary: Homes in Coldwater Township had an average of 63 days on market in Sep 2024, down by 20.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Coldwater Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 25 homes were sold in Coldwater Township; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% 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 30 Days Ago

Newest Listings in Coldwater Township, MI

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