Is Watertown Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Watertown Charter Township has remained a Seller's Market.
Housing Prices in Watertown Charter Township, MI
How much do homes in Watertown Charter Township, MI cost?
Median Sold Price
$368,400
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Watertown Charter Township was $368,400 in February 2024, down 0.6% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $271K | +39.0% |
3 Bedrooms | $305.2K | $332.5K | +8.9% |
4 Bedrooms | $375.7K | $444.6K | +18.3% |
5+ Bedrooms | $491K | $517.5K | +5.4% |
Summary: Watertown Charter Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
DeWitt Charter Township | $327.5K | $334.5K | +2.2% |
Watertown Charter Township | $370.8K | $368.4K | -0.6% |
Riley Township | $349.9K | $310K | -11.4% |
Housing Supply in Watertown Charter Township, MI
How many homes are available in Watertown Charter Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Watertown Charter Township real estate market had 11 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Watertown Charter Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Watertown Charter Township in February 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Watertown Charter Township, MI
How long does it take to sell a home in Watertown Charter Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
6 Days | 64 Days | +866.0% |
Summary: Homes in Watertown Charter Township had an average of 64 days on market in Feb 2024, up by 866% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Watertown Charter Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.