Is Worth Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Worth Township was a Seller's Market.
Key Takeaway
Worth Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Worth Township, MI
How much do homes in Worth Township, MI cost?
Median Sold Price
$247,450
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Worth Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Worth Township was $247,450 in March 2024, up 12.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $175K | N/A |
| 2 Bedrooms | $162.2K | $234.9K | +44.8% |
| 3 Bedrooms | $225K | $230K | +2.2% |
| 4 Bedrooms | $475K | $355K | -25.3% |
| 5+ Bedrooms | $162.5K | $375K | +130.8% |
Summary: Worth 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 44.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 25.3%, and 5+ bedroom homes increased by 130.8%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $220K | $247.4K | +12.5% |
| Lexington Township | $205.5K | $220K | +7.1% |
| Grant Township | $230K | $235K | +2.2% |
Housing Supply in Worth Township, MI
How many homes are available in Worth Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Summary: The Worth Township real estate market had 15 homes for sale in March 2024, a 150.0% increase 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 | 1 | 5 | +400.0% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Worth 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 400%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worth Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Worth Township in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Worth Township, MI
How long does it take to sell a home in Worth Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Worth Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Worth Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.