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

Housing Market Conditions



Gauge showing Washington Township is a seller's market


Difference Since September 2022

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.

Housing Prices

How much do homes in Washington Township, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since September 2022


Key Takeaway

Homes in Washington Township have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Washington Township was $420,000 in September 2023, down 1.2% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSSep 2022Sep 2023CHANGE
1 --
2 $240K$310K
3 $381K$420K
4 $521.7K$475K
5+ $543.5K$770K

Summary: Washington Township housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes increased by 41.7%.

Median Sold Price Compared To Nearby Cities

Shelby Charter Township
Washington Township

Housing Supply

How many homes are available in Washington Township, MI?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE

Summary: The Washington Township real estate market had 102 homes for sale in September 2023, the same as August 2023.

Homes For Sale By Bedroom Count

# BEDSAug 2023Sep 2023CHANGE
1 00
2 1814
3 4139
4 3437
5+ 912

Summary: The Washington Township housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2023Sep 2023CHANGE

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 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 may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Washington Township in September 2023, down by 13.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market

How long does it take to sell a home in Washington Township, MI?

Average Sale Time

Sep 2022Sep 2023CHANGE
35 Days34 Days-0.8%

Summary: Homes in Washington Township had an average of 34 days on market in Sep 2023, down by 0.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 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.

Summary: During September 2023, 26 homes were sold in Washington Township; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

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

Report Updated 3 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Washington Township, MI?