Is Waterford Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Waterford Charter Township has remained a Seller's Market.
Key Takeaway
Waterford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Charter Township, MI
How much do homes in Waterford Charter Township, MI cost?
Median Sold Price
$247,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Waterford Charter Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Waterford Charter Township was $247,000 in November 2023, up 3.4% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $85K | +30.8% |
| 2 Bedrooms | $170K | $185.5K | +9.1% |
| 3 Bedrooms | $249.9K | $255K | +2.0% |
| 4 Bedrooms | $338.2K | $330K | -2.4% |
| 5+ Bedrooms | $375K | $318.2K | -15.1% |
Summary: Waterford Charter Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 15.1%.
Housing Supply in Waterford Charter Township, MI
How many homes are available in Waterford Charter Township, MI?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 246 | 251 | +2.0% |
Summary: The Waterford Charter Township real estate market had 251 homes for sale in November 2023, a 2.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 58 | 51 | -12.1% |
| 3 Bedrooms | 140 | 146 | +4.3% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Waterford Charter Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 76 | 71 | -6.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford Charter Township, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Waterford Charter Township in November 2023, down by 6.6% month-over-month. Of the 71 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for Waterford Charter Township, MI
How long does it take to sell a home in Waterford Charter Township, MI?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 25 Days | 23 Days | -5.8% |
Summary: Homes in Waterford Charter Township had an average of 23 days on market in Nov 2023, down by 5.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waterford Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 71 homes were sold in Waterford Charter Township; 70% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 1% 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.