Is Middle Woodward, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Middle Woodward was a Neutral Market.
Housing Prices in Middle Woodward, MI
How much do homes in Middle Woodward, MI cost?
Median Sold Price
$199,900
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Middle Woodward was $199,900 in May 2024, down 14.9% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138.4K | $114K | -17.7% |
2 Bedrooms | $225K | $193.2K | -14.1% |
3 Bedrooms | $203K | $195K | -3.9% |
4 Bedrooms | $227K | $234.9K | +3.5% |
5+ Bedrooms | $329K | $304.7K | -7.4% |
Summary: Middle Woodward housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in Middle Woodward, MI
How many homes are available in Middle Woodward, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 74 | +12.1% |
Summary: The Middle Woodward real estate market had 74 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 16 | -5.9% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 12 | 19 | +58.3% |
Summary: The Middle Woodward housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 58.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Middle Woodward in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.
Days on Market for Middle Woodward, MI
How long does it take to sell a home in Middle Woodward, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 75 Days | +64.8% |
Summary: Homes in Middle Woodward had an average of 75 days on market in May 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Middle Woodward; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.