Is Weldon Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Weldon Township was a Neutral Market.
Key Takeaway
Weldon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weldon Township, MI
How much do homes in Weldon Township, MI cost?
Median Sold Price
$725,000
$301/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Weldon Township have sold for 152.9% more than they did a month ago.
Summary: The median home sold price in Weldon Township was $725,000 in March 2024, up 152.9% from last month, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $286.7K | $462.5K | +61.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $939K | N/A |
Summary: Weldon Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 61.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompsonville | $258.3K | $678.4K | +162.6% |
| Weldon Township | $286.7K | $725K | +152.9% |
| Colfax Township | $230K | $529.9K | +130.4% |
| Homestead Township | $279K | $265K | -5.0% |
| Benzonia Township | $249K | $185K | -25.7% |
Housing Supply in Weldon Township, MI
How many homes are available in Weldon Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Summary: The Weldon Township real estate market had 10 homes for sale in March 2024, a 66.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Weldon Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Weldon Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Weldon Township in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Weldon Township, MI
How long does it take to sell a home in Weldon Township, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 53 Days | +53.3% |
Summary: Homes in Weldon Township had an average of 53 days on market in Mar 2024, up by 53.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Weldon Township has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Weldon Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
