Is Waterford, 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, Waterford has remained a Seller's Market.
Housing Prices in Waterford, MI
How much do homes in Waterford, MI cost?
Median Sold Price
$250,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waterford was $250,000 in April 2024, up 2.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $72.4K | +10.6% |
2 Bedrooms | $175K | $186K | +6.3% |
3 Bedrooms | $252.2K | $260K | +3.1% |
4 Bedrooms | $335K | $335.2K | 0.1% |
5+ Bedrooms | $377.5K | $331.5K | -12.2% |
Summary: Waterford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
Waterford | $244.4K | $250K | +2.3% |
Waterford Charter Township | $244.8K | $250K | +2.1% |
Keego Harbor | $235K | $194K | -17.4% |
Housing Supply in Waterford, MI
How many homes are available in Waterford, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
200 | 213 | +6.5% |
Summary: The Waterford real estate market had 213 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 35 | 42 | +20.0% |
3 Bedrooms | 116 | 119 | +2.6% |
4 Bedrooms | 39 | 43 | +10.3% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Waterford 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 20%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 82 | +34.4% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Waterford in April 2024, up by 34.4% month-over-month. Of the 82 sold homes, 26% were sold under asking, 17% were sold at asking, and 57% were sold over asking.
Days on Market for Waterford, MI
How long does it take to sell a home in Waterford, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 21 Days | -57.1% |
Summary: Homes in Waterford had an average of 21 days on market in Apr 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in Waterford; 79% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.