Is Watervliet, 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, Watervliet was a Buyer's Market.
Housing Prices in Watervliet, MI
How much do homes in Watervliet, MI cost?
Median Sold Price
$240,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Watervliet was $240,500 in April 2024, up 26.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $124.2K | N/A |
2 Bedrooms | $148.7K | $172.8K | +16.2% |
3 Bedrooms | $190K | $206K | +8.4% |
4 Bedrooms | $237.5K | $289.9K | +22.1% |
5+ Bedrooms | $280K | $554.9K | +98.2% |
Summary: Watervliet housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 98.2%.
Median Sold Price Compared To Nearby Cities
Watervliet | $190K | $240.5K | +26.6% |
Watervliet Township | $230K | $240.5K | +4.6% |
Housing Supply in Watervliet, MI
How many homes are available in Watervliet, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Watervliet real estate market had 34 homes for sale in April 2024, a 2.9% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Watervliet 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 20%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Watervliet in April 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Watervliet, MI
How long does it take to sell a home in Watervliet, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Watervliet; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.