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.
Key Takeaway
Howell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Howell Township have sold for 5.8% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Howell Township, 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 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
Key Takeaway
Many homes in Howell Township are selling fast, if you're buying plan to act quickly.
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.
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.