Is Woodbridge Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodbridge Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Woodbridge Township was a Seller's Market.

Key Takeaway

Woodbridge Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Woodbridge Township, MI

How much do homes in Woodbridge Township, MI cost?

Median Sold Price

$90,500

$64/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$101,950(-53.0%)

Key Takeaway

Homes in Woodbridge Township have sold for 53% less than they did a month ago.

Summary: The median home sold price in Woodbridge Township was $90,500 in September 2024, down 53% from last month, and the median price per square foot was $64.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $209.9K-
N/A
3 $275K$90.5K
-67.1%
4 $175K-
N/A
5+ --
N/A

Summary: Woodbridge Township housing prices by bedroom type for September 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 decreased by 67.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ransom Township
+20.4%
Woodbridge Township
-53.0%

Housing Supply in Woodbridge Township, MI

How many homes are available in Woodbridge Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
97-22.2%

Summary: The Woodbridge Township real estate market had 7 homes for sale in September 2024, a 22.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 33
0.0%
4 43
-25.0%
5+ 00
0.0%

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

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodbridge Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Woodbridge Township in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Woodbridge Township, MI

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

Average Sale Time

Aug 2024Sep 2024CHANGE
41 Days55 Days+31.7%

Summary: Homes in Woodbridge Township had an average of 55 days on market in Sep 2024, up by 31.7% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Woodbridge Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Woodbridge 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.

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

Report Updated 4 Days Ago

Newest Listings in Woodbridge Township, MI

Nearby Markets to Woodbridge Township, MI

What housing markets are near Woodbridge Township, MI?