Is Webster 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, Webster Township has remained a Seller's Market.
Housing Prices in Webster Township, MI
How much do homes in Webster Township, MI cost?
Median Sold Price
$532,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Webster Township was $532,000 in March 2024, down 2% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $337.5K | $456.2K | +35.2% |
3 Bedrooms | $495K | $443.9K | -10.3% |
4 Bedrooms | $580K | $545K | -6.0% |
5+ Bedrooms | $737.5K | $747.4K | +1.3% |
Summary: Webster Township 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 35.2%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Dexter | $450K | $495.5K | +10.1% |
Whitmore Lake | $350K | $380K | +8.6% |
Hamburg Township | $381K | $406.6K | +6.7% |
Scio Township | $502.6K | $533.7K | +6.2% |
Webster Township | $543K | $532K | -2.0% |
Housing Supply in Webster Township, MI
How many homes are available in Webster Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Summary: The Webster Township real estate market had 26 homes for sale in March 2024, a 18.8% decrease 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 | 0 | 1 | +100.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 19 | 13 | -31.6% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Webster 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 increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Webster Township in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Webster Township, MI
How long does it take to sell a home in Webster Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 22 Days | -62.9% |
Summary: Homes in Webster Township had an average of 22 days on market in Mar 2024, down by 62.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Webster Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.