Is Wales Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Wales Township has remained a Seller's Market.
Housing Prices
How much do homes in Wales Township, MI cost?
Median Sold Price
$305,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Wales Township was $305,500 in August 2023, down 3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $194K | - | N/A |
3 Bedrooms | $307.5K | $285K | -7.3% |
4 Bedrooms | $339K | $350K | +3.2% |
5+ Bedrooms | $528K | $425K | -19.5% |
Summary: Wales Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 19.5%.
Median Sold Price Compared To Nearby Cities
Kimball Township | $202K | $221.2K | +9.5% |
Wales Township | $315K | $305.5K | -3.0% |
Goodells | $315K | $305.5K | -3.0% |
Memphis | $297.5K | $278.1K | -6.5% |
Housing Supply
How many homes are available in Wales Township, MI?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The Wales Township real estate market had 21 homes for sale in August 2023, a 4.5% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wales Township housing inventory by bedroom type for August 2023 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 7.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Wales Township in August 2023, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market
How long does it take to sell a home in Wales Township, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During August 2023, 5 homes were sold in Wales Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.