Is Washington, 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, Washington has remained a Seller's Market.
Housing Prices in Washington, MI
How much do homes in Washington, MI cost?
Median Sold Price
$425,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Washington was $425,000 in March 2024, down 0.5% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $277.4K | $310K | +11.7% |
3 Bedrooms | $413.9K | $417.5K | +0.9% |
4 Bedrooms | $509.5K | $575K | +12.8% |
5+ Bedrooms | $660K | $835K | +26.5% |
Summary: Washington housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
Oakland | $585K | $740K | +26.5% |
Romeo | $293.5K | $328.6K | +12.0% |
Washington Township | $400K | $420K | +5.0% |
Washington | $427K | $425K | -0.5% |
Oakland Charter Township | $598.5K | $595K | -0.6% |
Housing Supply in Washington, MI
How many homes are available in Washington, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 72 | +16.1% |
Summary: The Washington real estate market had 72 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 18 | 15 | -16.7% |
3 Bedrooms | 25 | 28 | +12.0% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Washington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Washington in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 23 Days | +193.4% |
Summary: Homes in Washington had an average of 23 days on market in Mar 2024, up by 193.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Washington; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.