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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Township is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Washington Township has remained a Seller's Market.

Key Takeaway

Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Washington Township, MI cost?

Median Sold Price

$383,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$5,150(+1.4%)

Key Takeaway

Homes in Washington Township have sold for 1.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $229.9K$240K
+4.4%
3 $334.5K$351K
+4.9%
4 $494.5K$565K
+14.3%
5+ $580K$776K
+33.8%

Median Sold Price Compared To Nearby Cities

Romeo
+23.4%
Oakland
+10.2%
Shelby Charter Township
+8.3%
Washington
+5.1%
Washington Township
+1.4%

How many homes are available in Washington Township, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
6371+12.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 11
0.0%
2 1512
-20.0%
3 2227
+22.7%
4 2124
+14.3%
5+ 47
+75.0%

Number of Homes Sold

Mar 2022Apr 2022%
2318-21.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Township, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
62 Days11 Days-82.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington 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 Washington Township, MI

There are 71 homes are for sale in Washington Township, MI real estate market. The number of homes for sale in Washington Township, MI increased by 12.7% between March 2022 and April 2022. While the average time on the market in April 2022 was 11 days, the median list price was $383,500. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 4.4%, prices of 3 bedrooms properties increased by 4.9%, 4 bedrooms properties became 14.3% more expensive, prices of 5 bedrooms properties increased by 33.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 20%, volume of 3 bedrooms homes went up by 22.7%, the quantity of 4 bedrooms homes went up by 14.3%, 5 bedrooms homes became 75% more available. Over 7 listings were sold over their listed price in April 2022 in Washington Township, MI. In the same period over 6 listings were sold below the listed price and 5 listings were sold for the listed price.

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