Is Washington Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Washington Township has remained a Seller's Market.
Housing Prices in Washington Township, MI
How much do homes in Washington Township, MI cost?
Median Sold Price
$450,000
$200/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Washington Township was $450,000 in April 2024, up 28.6% from last month, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320.9K | - | N/A |
3 Bedrooms | $410.6K | $440.7K | +7.3% |
4 Bedrooms | $578K | $587.5K | +1.6% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: Washington Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in Washington Township, MI
How many homes are available in Washington Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
72 | 83 | +15.3% |
Summary: The Washington Township real estate market had 83 homes for sale in April 2024, a 15.3% 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 | 16 | 6 | -62.5% |
3 Bedrooms | 30 | 42 | +40.0% |
4 Bedrooms | 20 | 27 | +35.0% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Washington 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 62.5%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Washington Township in April 2024, the same as the previous month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market for Washington Township, MI
How long does it take to sell a home in Washington Township, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 25 Days | -34.2% |
Summary: Homes in Washington Township had an average of 25 days on market in Apr 2024, down by 34.2% compared to last month.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Washington Township; 63% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.