Is Watervliet, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Watervliet was a Seller's Market.
Housing Prices in Watervliet, MI
How much do homes in Watervliet, MI cost?
Median Sold Price
$229,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Watervliet was $229,000 in March 2024, up 23.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $124.2K | N/A |
2 Bedrooms | $135K | $185.3K | +37.3% |
3 Bedrooms | $185K | $207K | +11.9% |
4 Bedrooms | $233K | $282.4K | +21.2% |
5+ Bedrooms | $280K | $554.9K | +98.2% |
Summary: Watervliet housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 98.2%.
Median Sold Price Compared To Nearby Cities
Watervliet | $185K | $229K | +23.8% |
Watervliet Township | $205K | $229K | +11.7% |
Housing Supply in Watervliet, MI
How many homes are available in Watervliet, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 35 | +2.9% |
Summary: The Watervliet real estate market had 35 homes for sale in March 2024, a 2.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Watervliet 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 remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Watervliet in March 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Watervliet, MI
How long does it take to sell a home in Watervliet, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
92 Days | 27 Days | -70.2% |
Summary: Homes in Watervliet had an average of 27 days on market in Mar 2024, down by 70.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Watervliet; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.