Is Valley Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Valley Township has remained a Seller's Market.
Housing Prices in Valley Township, MI
How much do homes in Valley Township, MI cost?
Median Sold Price
$271,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Valley Township was $271,500 in February 2024, up 1.2% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $273K | N/A |
2 Bedrooms | $275.7K | $218K | -20.9% |
3 Bedrooms | $249.9K | $292.5K | +17.0% |
4 Bedrooms | $329K | $307.5K | -6.5% |
5+ Bedrooms | $483K | - | N/A |
Summary: Valley Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.9%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Allegan Township | $246.5K | $250K | +1.4% |
Valley Township | $268.2K | $271.5K | +1.2% |
Heath Township | $337.5K | $335K | -0.7% |
Housing Supply in Valley Township, MI
How many homes are available in Valley Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Valley Township real estate market had 7 homes for sale in February 2024, a 40.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 6 | +50.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Valley 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Valley Township in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Valley Township, MI
How long does it take to sell a home in Valley Township, MI?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Valley Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.