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 March 2023
Since last year, Waterford Charter Township has remained a Seller's Market.
Housing Prices in Waterford Charter Township, MI
How much do homes in Waterford Charter Township, MI cost?
Median Sold Price
$249,380
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Waterford Charter Township was $249,380 in March 2024, up 1.9% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $72K | +10.8% |
2 Bedrooms | $172.2K | $190K | +10.3% |
3 Bedrooms | $252.8K | $256K | +1.3% |
4 Bedrooms | $340K | $335K | -1.5% |
5+ Bedrooms | $367.5K | $318.2K | -13.4% |
Summary: Waterford Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 13.4%.
Housing Supply in Waterford Charter Township, MI
How many homes are available in Waterford Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
187 | 212 | +13.4% |
Summary: The Waterford Charter Township real estate market had 212 homes for sale in March 2024, a 13.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 36 | 35 | -2.8% |
3 Bedrooms | 104 | 120 | +15.4% |
4 Bedrooms | 37 | 46 | +24.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Waterford Charter Township 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 2.8%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 54 | -5.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Waterford Charter Township in March 2024, down by 5.3% month-over-month. Of the 54 sold homes, 28% were sold under asking, 26% were sold at asking, and 46% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 21 Days | -74.9% |
Summary: Homes in Waterford Charter Township had an average of 21 days on market in Mar 2024, down by 74.9% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in Waterford Charter Township; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.