Is Reading Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Reading Township was a Seller's Market.
Housing Prices in Reading Township, MI
How much do homes in Reading Township, MI cost?
Median Sold Price
$175,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reading Township was $175,000 in April 2024, up 17.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $141.5K | +1.8% |
2 Bedrooms | $137K | $202.5K | +47.8% |
3 Bedrooms | $186K | $145K | -22.0% |
4 Bedrooms | $224.9K | $232.5K | +3.4% |
5+ Bedrooms | $187K | $133.5K | -28.6% |
Summary: Reading Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 47.8%, 3 bedroom homes decreased by 22%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 28.6%.
Median Sold Price Compared To Nearby Cities
Camden Township | $175K | $229K | +30.9% |
Reading Township | $149K | $175K | +17.4% |
Allen Township | $180K | $188.7K | +4.9% |
Housing Supply in Reading Township, MI
How many homes are available in Reading Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Reading Township real estate market had 15 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Reading 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Reading Township in April 2024, down by 60.0% month-over-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 Reading Township, MI
How long does it take to sell a home in Reading Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Reading Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.