Is Howell 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, 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
$353,875
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Howell Township was $353,875 in February 2024, up 10.6% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $160K | +88.2% |
2 Bedrooms | $212.5K | $232K | +9.2% |
3 Bedrooms | $309K | $342K | +10.7% |
4 Bedrooms | $382.5K | $425K | +11.1% |
5+ Bedrooms | $495K | $479.5K | -3.1% |
Summary: Howell Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Howell | $309K | $353.5K | +14.4% |
Howell Township | $319.9K | $353.8K | +10.6% |
Cohoctah Township | $300K | $324.9K | +8.3% |
Oceola Township | $375K | $392K | +4.5% |
Deerfield Township | $330K | $272.5K | -17.4% |
Housing Supply in Howell Township, MI
How many homes are available in Howell Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
134 | 150 | +11.9% |
Summary: The Howell Township real estate market had 150 homes for sale in February 2024, a 11.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 36 | +44.0% |
3 Bedrooms | 51 | 56 | +9.8% |
4 Bedrooms | 46 | 44 | -4.3% |
5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Howell 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 44%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Howell Township in February 2024, up by 9.4% month-over-month. Of the 35 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
47 Days | 49 Days | +4.2% |
Summary: Homes in Howell Township had an average of 49 days on market in Feb 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During February 2024, 35 homes were sold in Howell Township; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.