Is Conway Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Conway Township was a Seller's Market.
Key Takeaway
Conway Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Conway Township, MI
How much do homes in Conway Township, MI cost?
Median Sold Price
$310,877
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Conway Township have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Conway Township was $310,877 in March 2024, up 7.8% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234K | $200K | -14.5% |
| 2 Bedrooms | $375K | $215K | -42.7% |
| 3 Bedrooms | $289K | $324K | +12.1% |
| 4 Bedrooms | $268.5K | $310K | +15.5% |
| 5+ Bedrooms | $349.9K | $310.8K | -11.2% |
Summary: Conway Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 42.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 11.2%.
Housing Supply in Conway Township, MI
How many homes are available in Conway Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Summary: The Conway Township real estate market had 8 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Conway Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Conway Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Conway Township in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Conway Township, MI
How long does it take to sell a home in Conway Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 130 Days | 4 Days | -96.9% |
Summary: Homes in Conway Township had an average of 4 days on market in Mar 2024, down by 96.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Conway Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Conway Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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