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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waterford Charter Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

$266,517

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,017(+6.8%)

Key Takeaway

Homes in Waterford Charter Township have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Waterford Charter Township was $266,517 in November 2024, up 6.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$73.5K
-13.5%
2 $185K$200K
+8.1%
3 $255.6K$275K
+7.6%
4 $335K$355K
+6.0%
5+ $305K$511.5K
+67.7%

Summary: Waterford Charter Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 67.7%.

Median Sold Price Compared To Nearby Cities

Waterford
+7.0%
Waterford Charter Township
+6.8%
Pontiac
+5.6%

Housing Supply in Waterford Charter Township, MI

How many homes are available in Waterford Charter Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
260262+0.8%

Summary: The Waterford Charter Township real estate market had 262 homes for sale in November 2024, a 0.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 5454
0.0%
3 150142
-5.3%
4 4554
+20.0%
5+ 79
+28.6%

Summary: The Waterford Charter Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7561-18.7%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waterford Charter Township, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Waterford Charter Township in November 2024, down by 18.7% month-over-month. Of the 61 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% 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 2023Nov 2024CHANGE
25 Days22 Days-11.4%

Summary: Homes in Waterford Charter Township had an average of 22 days on market in Nov 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Waterford Charter Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 61 homes were sold in Waterford Charter Township; 79% 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.

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

Report Updated 8 Days Ago

Newest Listings in Waterford Charter Township, MI

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