Is Nottawa Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Nottawa Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.9K | $132K | +19.0% |
2 Bedrooms | $142.9K | $126.2K | -11.7% |
3 Bedrooms | $229K | $279K | +21.8% |
4 Bedrooms | $236.9K | $259K | +9.3% |
5+ Bedrooms | $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 | $175K | $214K | +22.3% |
Centreville | $157.5K | $192.4K | +22.2% |
Sherman Township | $285K | $344.9K | +21.0% |
Mendon Township | $175K | $169.9K | -2.9% |
Housing Supply in Nottawa Township, MI
How many homes are available in Nottawa Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 2 | 5 | +150.0% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +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
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
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.