Is Howell Township, 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 Township has remained a Seller's Market.
Key Takeaway
Howell Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howell Township, MI
How much do homes in Howell Township, MI cost?
Median Sold Price
$352,355
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Howell Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Howell Township was $352,355 in April 2024, up 4.8% 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 | $223K | $240K | +7.6% |
| 3 Bedrooms | $322K | $340K | +5.6% |
| 4 Bedrooms | $396K | $425K | +7.3% |
| 5+ Bedrooms | $440K | $502.4K | +14.2% |
Summary: Howell Township 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 7.6%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Deerfield Township | $327.5K | $354K | +8.1% |
| Howell | $333.9K | $351.9K | +5.4% |
| Howell Township | $336.2K | $352.3K | +4.8% |
| Oceola Township | $380.2K | $390.2K | +2.6% |
Housing Supply in Howell Township, MI
How many homes are available in Howell Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 181 | 212 | +17.1% |
Summary: The Howell Township real estate market had 212 homes for sale in April 2024, a 17.1% 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 | 51 | 53 | +3.9% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Howell Township 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 3.9%, 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
Key Takeaway
If you're buying a home in Howell Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Howell Township 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 Township, MI
How long does it take to sell a home in Howell Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 14 Days | -85.1% |
Summary: Homes in Howell Township 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
Key Takeaway
Many homes in Howell Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 67 homes were sold in Howell Township; 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.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
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.