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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Valley Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$3,250(+1.2%)

Key Takeaway

Homes in Valley Township have sold for 1.2% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$273K
N/A
2 $275.7K$218K
-20.9%
3 $249.9K$292.5K
+17.0%
4 $329K$307.5K
-6.5%
5+ $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
+1.4%
Valley Township
+1.2%
Heath Township
-0.7%

Housing Supply in Valley Township, MI

How many homes are available in Valley Township, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
57+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 46
+50.0%
4 11
0.0%
5+ 00
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 2024Feb 2024CHANGE
02+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Valley Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Valley Township has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Valley Township, MI

Nearby Markets to Valley Township, MI

What housing markets are near Valley Township, MI?