Is Washington Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$420,000
$200/sqft
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
| # BEDS# BEDROOMS | Sep 2022 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $310K | +29.2% |
| 3 Bedrooms | $381K | $420K | +10.2% |
| 4 Bedrooms | $521.7K | $475K | -9.0% |
| 5+ Bedrooms | $543.5K | $770K | +41.7% |
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
| Romeo | $265K | $312K | +17.7% |
| Oakland | $611.6K | $716K | +17.1% |
| Washington | $429.9K | $430K | 0.0% |
| Shelby Charter Township | $338.1K | $338.1K | 0% |
| Washington Township | $425K | $420K | -1.2% |
Housing Supply
How many homes are available in Washington Township, MI?
Number of Homes For Sale
| Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 102 | 102 | 0.0% |
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
| # BEDS# BEDROOMS | Aug 2023 | Sep 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 14 | -22.2% |
| 3 Bedrooms | 41 | 39 | -4.9% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
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 2023 | Sep 2023 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
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 2022 | Sep 2023 | CHANGE |
|---|---|---|
| 35 Days | 34 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
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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.