Is Washington, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Washington was a Seller's Market.
Housing Prices in Washington, MI
How much do homes in Washington, MI cost?
Median Sold Price
$427,685
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Washington was $427,685 in June 2024, down 0.5% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315.5K | $330K | +4.6% |
3 Bedrooms | $420K | $420K | 0.0% |
4 Bedrooms | $549.9K | $571.5K | +3.9% |
5+ Bedrooms | $710K | $885K | +24.6% |
Summary: Washington housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 24.6%.
Median Sold Price Compared To Nearby Cities
Romeo | $310.5K | $384.2K | +23.7% |
Oakland Charter Township | $580K | $612K | +5.5% |
Oakland | $669.9K | $671.2K | 0.2% |
Washington | $430K | $427.6K | -0.5% |
Washington Township | $420K | $414.5K | -1.3% |
Housing Supply in Washington, MI
How many homes are available in Washington, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
72 | 75 | +4.2% |
Summary: The Washington real estate market had 75 homes for sale in June 2024, a 4.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 12 | -7.7% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 26 | 25 | -3.8% |
5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Washington housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
19 | 12 | -36.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Washington in June 2024, down by 36.8% month-over-month. Of the 12 sold homes, 17% were sold under asking, 8% were sold at asking, and 75% were sold over asking.
Days on Market for Washington, MI
How long does it take to sell a home in Washington, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 20 Days | +61.7% |
Summary: Homes in Washington had an average of 20 days on market in Jun 2024, up by 61.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Washington; 92% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.