Is Wright 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, Wright Township has remained a Seller's Market.
Key Takeaway
Wright Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wright Township, MI
How much do homes in Wright Township, MI cost?
Median Sold Price
$334,825
$235/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Wright Township have sold for 13% less than they did a month ago.
Summary: The median home sold price in Wright Township was $334,825 in April 2024, down 13% from last month, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $365K | $350K | -4.1% |
| 4 Bedrooms | $405K | $319.6K | -21.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wright 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 decreased by 4.1%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Conklin | $309.5K | $585K | +89.0% |
| Wright Township | $385K | $334.8K | -13.0% |
Housing Supply in Wright Township, MI
How many homes are available in Wright Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Wright Township real estate market had 4 homes for sale in April 2024, a 20.0% 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wright 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wright Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Wright Township in April 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Wright Township, MI
How long does it take to sell a home in Wright Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 Days | 6 Days | +71.4% |
Summary: Homes in Wright Township had an average of 6 days on market in Apr 2024, up by 71.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wright Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Wright Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
