Is Reading 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, Reading Township has remained a Seller's Market.
Housing Prices in Reading Township, MI
How much do homes in Reading Township, MI cost?
Median Sold Price
$172,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reading Township was $172,000 in March 2024, up 15.4% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.7K | $140.2K | +16.1% |
2 Bedrooms | $144K | $202.5K | +40.6% |
3 Bedrooms | $186K | $145K | -22.0% |
4 Bedrooms | $224.9K | $250K | +11.1% |
5+ Bedrooms | $187K | $133.5K | -28.6% |
Summary: Reading Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.1%, 2 bedroom homes increased by 40.6%, 3 bedroom homes decreased by 22%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
Camden Township | $175K | $222K | +26.9% |
Reading Township | $149K | $172K | +15.4% |
Housing Supply in Reading Township, MI
How many homes are available in Reading Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Reading Township real estate market had 15 homes for sale in March 2024, a 15.4% 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 | 1 | -66.7% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Reading 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Reading Township in March 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Reading Township, MI
How long does it take to sell a home in Reading Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 65 Days | -26.1% |
Summary: Homes in Reading Township had an average of 65 days on market in Mar 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Reading Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.