Is Howell, 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, Howell has remained a Seller's Market.
Key Takeaway
Howell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howell, MI
How much do homes in Howell, MI cost?
Median Sold Price
$353,933
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Howell have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Howell was $353,933 in March 2024, up 7.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $160K | +88.2% |
| 2 Bedrooms | $224K | $230K | +2.7% |
| 3 Bedrooms | $320K | $340.6K | +6.5% |
| 4 Bedrooms | $408.7K | $420.7K | +2.9% |
| 5+ Bedrooms | $425K | $487K | +14.6% |
Summary: Howell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 14.6%.
Median Sold Price Compared To Nearby Cities
| Genoa Township | $360K | $401.2K | +11.5% |
| Howell | $330K | $353.9K | +7.3% |
| Howell Township | $334.9K | $354.4K | +5.8% |
| Oceola Township | $377K | $390.5K | +3.6% |
| Marion Township | $369K | $371K | 0.5% |
Housing Supply in Howell, MI
How many homes are available in Howell, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 155 | 179 | +15.5% |
Summary: The Howell real estate market had 179 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 33 | 39 | +18.2% |
| 3 Bedrooms | 60 | 75 | +25.0% |
| 4 Bedrooms | 46 | 51 | +10.9% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Howell 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 increased by 18.2%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howell, you could pay more than the asking price. 46.3% of homes here sold above asking price last month.
Summary: A total of 41 homes were sold or pending in Howell in March 2024, up by 10.8% month-over-month. Of the 41 sold homes, 32% were sold under asking, 22% were sold at asking, and 46% were sold over asking.
Days on Market for Howell, MI
How long does it take to sell a home in Howell, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 34 Days | -61.0% |
Summary: Homes in Howell had an average of 34 days on market in Mar 2024, down by 61% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howell are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 41 homes were sold in Howell; 73% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.