Is White Lake Charter 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, White Lake Charter Township has remained a Seller's Market.
Housing Prices in White Lake Charter Township, MI
How much do homes in White Lake Charter Township, MI cost?
Median Sold Price
$385,865
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in White Lake Charter Township was $385,865 in April 2024, up 10.2% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $174K | -34.3% |
2 Bedrooms | $242.5K | $288.4K | +18.9% |
3 Bedrooms | $311K | $347.7K | +11.8% |
4 Bedrooms | $425K | $447.9K | +5.4% |
5+ Bedrooms | $470K | $550K | +17.0% |
Summary: White Lake Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Cities
Commerce Township | $400K | $459.2K | +14.8% |
Commerce Charter Township | $337K | $372K | +10.4% |
White Lake Charter Township | $350K | $385.8K | +10.2% |
White Lake | $350K | $385.8K | +10.2% |
Waterford | $244.4K | $250K | +2.3% |
Housing Supply in White Lake Charter Township, MI
How many homes are available in White Lake Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 125 | +35.9% |
Summary: The White Lake Charter Township real estate market had 125 homes for sale in April 2024, a 35.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 23 | +91.7% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 30 | 45 | +50.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The White Lake Charter 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 increased by 91.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 28 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in White Lake Charter Township in April 2024, the same as the previous month. Of the 28 sold homes, 21% were sold under asking, 25% were sold at asking, and 54% were sold over asking.
Days on Market for White Lake Charter Township, MI
How long does it take to sell a home in White Lake Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 40 Days | +352.8% |
Summary: Homes in White Lake Charter Township had an average of 40 days on market in Apr 2024, up by 352.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in White Lake Charter Township; 82% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.