Is Davison Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Davison Township has remained a Seller's Market.
Housing Prices in Davison Township, MI
How much do homes in Davison Township, MI cost?
Median Sold Price
$239,900
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Davison Township was $239,900 in February 2024, down 0.7% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $198K | +65.0% |
2 Bedrooms | $176.9K | $188K | +6.3% |
3 Bedrooms | $219.9K | $240.3K | +9.3% |
4 Bedrooms | $299.4K | $295K | -1.5% |
5+ Bedrooms | $288.4K | $349.9K | +21.3% |
Summary: Davison Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 21.3%.
Median Sold Price Compared To Nearby Cities
Richfield Township | $220K | $247K | +12.3% |
Davison | $214K | $239.9K | +12.1% |
Elba Township | $255K | $264.5K | +3.7% |
Hadley Township | $375K | $385K | +2.7% |
Davison Township | $241.6K | $239.9K | -0.7% |
Housing Supply in Davison Township, MI
How many homes are available in Davison Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
70 | 83 | +18.6% |
Summary: The Davison Township real estate market had 83 homes for sale in February 2024, a 18.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 17 | 23 | +35.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Davison Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
21 | 28 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Davison Township in February 2024, up by 33.3% month-over-month. Of the 28 sold homes, 32% were sold under asking, 18% were sold at asking, and 50% were sold over asking.
Days on Market for Davison Township, MI
How long does it take to sell a home in Davison Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 23 Days | -46.8% |
Summary: Homes in Davison Township had an average of 23 days on market in Feb 2024, down by 46.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 28 homes were sold in Davison Township; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.