Is Howell, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Howell has remained a Seller's Market.
Housing Prices in Howell, MI
How much do homes in Howell, MI cost?
Median Sold Price
$351,975
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Howell was $351,975 in April 2024, up 5.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $160K | +88.2% |
2 Bedrooms | $225K | $236K | +4.9% |
3 Bedrooms | $325K | $340K | +4.6% |
4 Bedrooms | $405K | $426.6K | +5.3% |
5+ Bedrooms | $425K | $502.4K | +18.2% |
Summary: Howell housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Genoa Township | $360K | $401K | +11.4% |
Howell | $333.9K | $351.9K | +5.4% |
Howell Township | $336.2K | $352.3K | +4.8% |
Oceola Township | $380.2K | $390.2K | +2.6% |
Marion Township | $375K | $369.9K | -1.4% |
Housing Supply in Howell, MI
How many homes are available in Howell, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 211 | +17.2% |
Summary: The Howell real estate market had 211 homes for sale in April 2024, a 17.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 39 | 41 | +5.1% |
3 Bedrooms | 76 | 100 | +31.6% |
4 Bedrooms | 50 | 52 | +4.0% |
5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Howell 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 increased by 5.1%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 67 | +45.7% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Howell in April 2024, up by 45.7% month-over-month. Of the 67 sold homes, 33% were sold under asking, 22% were sold at asking, and 45% were sold over asking.
Days on Market for Howell, MI
How long does it take to sell a home in Howell, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
95 Days | 14 Days | -85.1% |
Summary: Homes in Howell had an average of 14 days on market in Apr 2024, down by 85.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Howell; 93% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.