Is Williamsburg, 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, Williamsburg was a Neutral Market.
Key Takeaway
Williamsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Williamsburg, MI
How much do homes in Williamsburg, MI cost?
Median Sold Price
$560,000
$302/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Williamsburg have sold for 50.7% more than they did a month ago.
Summary: The median home sold price in Williamsburg was $560,000 in April 2024, up 50.7% from last month, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $371.5K | $319.5K | -14.0% |
| 3 Bedrooms | $280K | $560K | +100.0% |
| 4 Bedrooms | $400K | $1.7M | +325.0% |
| 5+ Bedrooms | - | $680K | N/A |
Summary: Williamsburg housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 325%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rapid City | $306K | $853.7K | +179.0% |
| Clearwater Township | $301.5K | $493.7K | +63.8% |
| Williamsburg | $371.5K | $560K | +50.7% |
| Acme Township | $378K | $519.5K | +37.4% |
Housing Supply in Williamsburg, MI
How many homes are available in Williamsburg, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Williamsburg real estate market had 31 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Williamsburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Williamsburg, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Williamsburg in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Williamsburg, MI
How long does it take to sell a home in Williamsburg, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 67 Days | +21.7% |
Summary: Homes in Williamsburg had an average of 67 days on market in Apr 2024, up by 21.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Williamsburg has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Williamsburg; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
