Is Metamora Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Metamora Township was a Seller's Market.
Housing Prices in Metamora Township, MI
How much do homes in Metamora Township, MI cost?
Median Sold Price
$375,750
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Metamora Township was $375,750 in March 2024, down 3.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $198K | $121K | -38.9% |
3 Bedrooms | $372.5K | $349.9K | -6.1% |
4 Bedrooms | $402.1K | $412.5K | +2.6% |
5+ Bedrooms | $582.5K | $680K | +16.7% |
Summary: Metamora Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Lapeer Township | $230K | $250K | +8.7% |
Hadley Township | $372.5K | $399K | +7.1% |
Dryden Township | $370K | $375K | +1.4% |
Metamora | $375K | $365K | -2.7% |
Metamora Township | $389.8K | $375.7K | -3.6% |
Housing Supply in Metamora Township, MI
How many homes are available in Metamora Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 38 | +5.6% |
Summary: The Metamora Township real estate market had 38 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Metamora 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 100%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Metamora Township in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Metamora Township, MI
How long does it take to sell a home in Metamora Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
107 Days | 48 Days | -54.6% |
Summary: Homes in Metamora Township had an average of 48 days on market in Mar 2024, down by 54.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Metamora Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.