Is Howell 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, Howell Township has remained a Seller's Market.
Housing Prices in Howell Township, MI
How much do homes in Howell Township, MI cost?
Median Sold Price
$354,466
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Howell Township was $354,466 in March 2024, up 5.8% 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 | $220.5K | $230K | +4.3% |
3 Bedrooms | $319.9K | $340K | +6.3% |
4 Bedrooms | $397K | $416.5K | +4.9% |
5+ Bedrooms | $445K | $487K | +9.4% |
Summary: Howell Township 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 4.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
Howell | $330K | $353.9K | +7.3% |
Howell Township | $334.9K | $354.4K | +5.8% |
Oceola Township | $377K | $390.5K | +3.6% |
Deerfield Township | $305K | $269.9K | -11.5% |
Housing Supply in Howell Township, MI
How many homes are available in Howell Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
156 | 179 | +14.7% |
Summary: The Howell Township real estate market had 179 homes for sale in March 2024, a 14.7% 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 | 61 | 75 | +23.0% |
4 Bedrooms | 46 | 51 | +10.9% |
5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Howell 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 increased by 18.2%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Howell Township in March 2024, up by 7.9% 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 Township, MI
How long does it take to sell a home in Howell Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 34 Days | -61.0% |
Summary: Homes in Howell Township 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
Summary: During March 2024, 41 homes were sold in Howell Township; 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.