Is Douglass 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, Douglass Township has remained a Seller's Market.
Key Takeaway
Douglass Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglass Township, MI
How much do homes in Douglass Township, MI cost?
Median Sold Price
$250,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Douglass Township have sold for 27.6% more than they did a year ago.
Summary: The median home sold price in Douglass Township was $250,000 in March 2024, up 27.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $120K | +41.2% |
| 2 Bedrooms | $145K | $166.5K | +14.8% |
| 3 Bedrooms | $267K | $229.5K | -14.0% |
| 4 Bedrooms | $303.4K | $303.2K | 0% |
| 5+ Bedrooms | $175K | $435K | +148.6% |
Summary: Douglass Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 14.8%, 3 bedroom homes decreased by 14%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 148.6%.
Median Sold Price Compared To Nearby Cities
| Douglass Township | $196K | $250K | +27.6% |
| Stanton | $185K | $217K | +17.3% |
| Six Lakes | $218K | $197.8K | -9.3% |
| Belvidere Township | $235K | $202K | -14.0% |
Housing Supply in Douglass Township, MI
How many homes are available in Douglass Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Douglass Township real estate market had 11 homes for sale in March 2024, a 37.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Douglass Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglass Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Douglass Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Douglass Township, MI
How long does it take to sell a home in Douglass Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 47 Days | +691.7% |
Summary: Homes in Douglass Township had an average of 47 days on market in Mar 2024, up by 691.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Douglass Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Douglass Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
