Is Willis, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Willis is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Willis has remained a Seller's Market.

Key Takeaway

Willis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Willis, MI

How much do homes in Willis, MI cost?

Median Sold Price

$300,750

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$4,250(+1.4%)

Key Takeaway

Homes in Willis have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Willis was $300,750 in June 2024, up 1.4% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $283K-
N/A
2 $188K$250K
+33.0%
3 $293K$290K
-1.0%
4 $340K$460K
+35.3%
5+ $461K$375K
-18.7%

Summary: Willis housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Cities

Exeter Township
+11.9%
Sumpter Township
+7.0%
Willis
+1.4%
Augusta Charter Township
+1.2%

Housing Supply in Willis, MI

How many homes are available in Willis, MI?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2425+4.2%

Summary: The Willis real estate market had 25 homes for sale in June 2024, a 4.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 810
+25.0%
4 1515
0.0%
5+ 00
0.0%

Summary: The Willis housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Willis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Willis in June 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Willis, MI

How long does it take to sell a home in Willis, MI?

Average Sale Time

Jun 2023Jun 2024CHANGE
58 Days15 Days-74.1%

Summary: Homes in Willis had an average of 15 days on market in Jun 2024, down by 74.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Willis are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 6 homes were sold in Willis; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

Newest Listings in Willis, MI

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