Is Howell Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howell Township is a seller's market

Buyer's
Market

Difference Since February 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

$353,875

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,975(+10.6%)

Key Takeaway

Homes in Howell Township have sold for 10.6% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $85K$160K
+88.2%
2 $212.5K$232K
+9.2%
3 $309K$342K
+10.7%
4 $382.5K$425K
+11.1%
5+ $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
+14.4%
Howell Township
+10.6%
Cohoctah Township
+8.3%
Oceola Township
+4.5%
Deerfield Township
-17.4%

Housing Supply in Howell Township, MI

How many homes are available in Howell Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
134150+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2536
+44.0%
3 5156
+9.8%
4 4644
-4.3%
5+ 1113
+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 2024Feb 2024CHANGE
3235+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howell Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
47 Days49 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Howell Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Howell Township, MI

Nearby Markets to Howell Township, MI

What housing markets are near Howell Township, MI?