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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macomb Township is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Macomb Township has remained a Seller's Market.

Key Takeaway

Macomb Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Macomb Township, MI cost?

Median Sold Price

$385,257

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$46,290(+13.7%)

Key Takeaway

Homes in Macomb Township have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $875-
N/A
2 $194.5K$215K
+10.5%
3 $328.9K$370K
+12.5%
4 $390K$450K
+15.4%
5+ $430K$489.9K
+13.9%

Median Sold Price Compared To Nearby Cities

Clinton Township
+17.6%
Clinton Charter Township
+17.6%
Macomb Township
+13.7%
Macomb
+13.7%
Shelby Charter Township
+6.3%

How many homes are available in Macomb Township, MI?

Number of Homes For Sale

Apr 2022May 2022%
295324+9.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 4043
+7.5%
3 125129
+3.2%
4 117137
+17.1%
5+ 1315
+15.4%

Number of Homes Sold

Apr 2022May 2022%
11298-12.5%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

56 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macomb Township, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
15 Days16 Days+3.0%

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Macomb Township, MI

Homes for sale in Macomb Township, MI have reached 324. The number of homes for sale in Macomb Township, MI increased by 9.8% between April 2022 and May 2022. Listings spent 16 days on the market in May 2022, and had a median list price of $385,257 during the same period. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 10.5%, prices of 3 bedrooms properties increased by 12.5%, prices of 4 bedrooms properties went up by 15.4%, 5 bedrooms properties became 13.9% more expensive. This housing market inventory have changed: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 7.5%, volume of 3 bedrooms homes went up by 3.2%, number of 4 bedrooms homes increased by 17.1%, volume of 5 bedrooms homes went up by 15.4%. In May 2022 more than 56 listings in Macomb Township, MI were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 27 were sold below.

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