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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wales Township is a neutral's market

Buyer's
Market

Difference Since June 2021

At the same time last year, Wales Township was a Seller's Market.

Key Takeaway

Wales Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Wales Township, MI cost?

Median Sold Price

$287,450

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$37,450(+15.0%)

Key Takeaway

Homes in Wales Township have sold for 15% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 --
N/A
2 -$217.4K
N/A
3 $281K$277.5K
-1.2%
4 $227.5K$303.5K
+33.4%
5+ $229.5K$528K
+130.1%

Median Sold Price Compared To Nearby Cities

Riley Township
+34.0%
Memphis
+23.1%
Wales Township
+15.0%
Goodells
+15.0%

How many homes are available in Wales Township, MI?

Number of Homes For Sale

May 2022Jun 2022%
414+250.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 00
0.0%
2 11
0.0%
3 210
+400.0%
4 12
+100.0%
5+ 01
+100.0%

Number of Homes Sold

May 2022Jun 2022%
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wales Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
4 Days6 Days+30.4%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Wales Township are selling fast, if you're buying plan to act quickly.

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

About Wales Township, MI

Homes for sale in Wales Township, MI have reached 14. In June 2022 in Wales Township, MI there were 250% more homes for sale than in May 2022. Listings spent 6 days on the market in June 2022, and had a median list price of $287,450 during the same period. Real estate listing prices changed between May 2022 and June 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 0%, 3 bedrooms properties prices decreased by 1.2%, prices of 4 bedrooms properties increased by 33.4%, prices of 5 bedrooms properties increased by 130.1%. Volume of homes for sale changed: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes became 400% more available, the quantity of 4 bedrooms homes went up by 100%, 5 bedrooms homes inventory increased by 100%. In June 2022 more than 2 listings in Wales Township, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.

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