Is Nottawa 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, Nottawa Township has remained a Seller's Market.
Key Takeaway
Nottawa Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nottawa Township, MI
How much do homes in Nottawa Township, MI cost?
Median Sold Price
$207,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nottawa Township have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Nottawa Township was $207,000 in April 2024, up 3.4% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.9K | $132K | +19.0% |
| 2 Bedrooms | $142.9K | $126.2K | -11.7% |
| 3 Bedrooms | $252K | $382.5K | +51.8% |
| 4 Bedrooms | $236.9K | $212.5K | -10.3% |
| 5+ Bedrooms | $602.5K | $290.2K | -51.8% |
Summary: Nottawa Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 51.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Cities
| Sherman Township | $330K | $344.9K | +4.5% |
| Nottawa Township | $200.2K | $207K | +3.4% |
| Mendon Township | $204.5K | $161K | -21.3% |
Housing Supply in Nottawa Township, MI
How many homes are available in Nottawa Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Nottawa Township real estate market had 17 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Nottawa 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nottawa Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Nottawa Township in April 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Nottawa Township, MI
How long does it take to sell a home in Nottawa Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 59 Days | +337.0% |
Summary: Homes in Nottawa Township had an average of 59 days on market in Apr 2024, up by 337% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nottawa Township has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Nottawa Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
