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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moffatt Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Moffatt Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Moffatt Township, MI

How much do homes in Moffatt Township, MI cost?

Median Sold Price

$409,000

$105/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$184,050(+81.8%)

Key Takeaway

Homes in Moffatt Township have sold for 81.8% more than they did a month ago.

Summary: The median home sold price in Moffatt Township was $409,000 in February 2024, up 81.8% from last month, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 $57K-
N/A
3 $224.9K-
N/A
4 $365K$409K
+12.1%
5+ --
N/A

Summary: Moffatt Township housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Alger
+99.6%
Moffatt Township
+81.8%
Clayton Township
-35.7%

Housing Supply in Moffatt Township, MI

How many homes are available in Moffatt Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
62-66.7%

Summary: The Moffatt Township real estate market had 2 homes for sale in February 2024, a 66.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 31
-66.7%
4 21
-50.0%
5+ 00
0.0%

Summary: The Moffatt 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 decreased by 100%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moffatt Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Moffatt Township in February 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Moffatt Township, MI

How long does it take to sell a home in Moffatt Township, MI?

Average Sale Time

Jan 2024Feb 2024CHANGE
91 Days181 Days+98.4%

Summary: Homes in Moffatt Township had an average of 181 days on market in Feb 2024, up by 98.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Moffatt Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in Moffatt Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 27 Days Ago

Newest Listings in Moffatt Township, MI

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