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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wright Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Wright Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Wright Township, MI

How much do homes in Wright Township, MI cost?

Median Sold Price

$164,950

$139/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$1,800(-1.1%)

Key Takeaway

Homes in Wright Township have sold for 1.1% less than they did a month ago.

Summary: The median home sold price in Wright Township was $164,950 in September 2024, down 1.1% from last month, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $166.7K-
N/A
3 -$250K
N/A
4 -$79.9K
N/A
5+ --
N/A

Summary: Wright 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Wright Township
-1.1%
Alvordton
-54.2%
Waldron
-57.8%

Housing Supply in Wright Township, MI

How many homes are available in Wright Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
910+11.1%

Summary: The Wright Township real estate market had 10 homes for sale in September 2024, a 11.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 22
0.0%
4 24
+100.0%
5+ 22
0.0%

Summary: The Wright 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 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wright Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Wright Township in September 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Wright Township, MI

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

Average Sale Time

Aug 2024Sep 2024CHANGE
50 Days109 Days+118.0%

Summary: Homes in Wright Township had an average of 109 days on market in Sep 2024, up by 118% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wright Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 2 homes were sold in Wright Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 7 Days Ago

Newest Listings in Wright Township, MI

Nearby Markets to Wright Township, MI