Is Warren 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, Warren Township has remained a Seller's Market.
Housing Prices in Warren Township, MI
How much do homes in Warren Township, MI cost?
Median Sold Price
$183,819
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Warren Township was $183,819 in March 2024, up 8.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.7K | $96K | +46.0% |
2 Bedrooms | $108.2K | $111K | +2.5% |
3 Bedrooms | $182.6K | $209.5K | +14.7% |
4 Bedrooms | $235K | $240.5K | +2.3% |
5+ Bedrooms | $269.5K | $245K | -9.1% |
Summary: Warren Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 9.1%.
Housing Supply in Warren Township, MI
How many homes are available in Warren Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
304 | 332 | +9.2% |
Summary: The Warren Township real estate market had 332 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 70 | 76 | +8.6% |
3 Bedrooms | 191 | 202 | +5.8% |
4 Bedrooms | 33 | 42 | +27.3% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Warren Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 101 | +29.5% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 101 homes were sold or pending in Warren Township in March 2024, up by 29.5% month-over-month. Of the 101 sold homes, 50% were sold under asking, 11% were sold at asking, and 40% were sold over asking.
Days on Market for Warren Township, MI
How long does it take to sell a home in Warren Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 24 Days | -74.4% |
Summary: Homes in Warren Township had an average of 24 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 101 homes were sold in Warren Township; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.