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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nottawa Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Nottawa Township, MI

How much do homes in Nottawa Township, MI cost?

Median Sold Price

$214,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$39,000(+22.3%)

Key Takeaway

Homes in Nottawa Township have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in Nottawa Township was $214,000 in March 2024, up 22.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $110.9K$132K
+19.0%
2 $142.9K$126.2K
-11.7%
3 $229K$279K
+21.8%
4 $236.9K$259K
+9.3%
5+ $602.5K$290.2K
-51.8%

Summary: Nottawa Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 51.8%.

Median Sold Price Compared To Nearby Cities

Nottawa Township
+22.3%
Centreville
+22.2%
Sherman Township
+21.0%
Mendon Township
-2.9%

Housing Supply in Nottawa Township, MI

How many homes are available in Nottawa Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
814+75.0%

Summary: The Nottawa Township real estate market had 14 homes for sale in March 2024, a 75.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 25
+150.0%
4 37
+133.3%
5+ 00
0.0%

Summary: The Nottawa 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 decreased by 33.3%, 3 bedroom homes increased by 150%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nottawa Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Nottawa Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Nottawa Township, MI

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

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Nottawa Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in Nottawa Township, MI

Nearby Markets to Nottawa Township, MI

What housing markets are near Nottawa Township, MI?