Is Howell, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Howell is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Howell has remained a Seller's Market.

Key Takeaway

Howell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Howell, MI

How much do homes in Howell, MI cost?

Median Sold Price

$352,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$300(-0.1%)

Key Takeaway

The sold price of homes in Howell has remained the same since last year.

Summary: The median home sold price in Howell was $352,000 in September 2024, down 0.1% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $95K$50K
-47.4%
2 $234.5K$250K
+6.6%
3 $340K$340K
0.0%
4 $417.2K$425K
+1.9%
5+ $479.5K$550K
+14.7%

Summary: Howell housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 14.7%.

Median Sold Price Compared To Nearby Cities

Genoa Township
+11.2%
Oceola Township
+1.7%
Marion Township
+1.6%
Howell
-0.1%
Howell Township
-0.7%

Housing Supply in Howell, MI

How many homes are available in Howell, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
267276+3.4%

Summary: The Howell real estate market had 276 homes for sale in September 2024, a 3.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 5149
-3.9%
3 114115
+0.9%
4 8184
+3.7%
5+ 1927
+42.1%

Summary: The Howell housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 42.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
7162-12.7%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Howell, you could pay more than the asking price. 37.1% of homes here sold above asking price last month.

Summary: A total of 62 homes were sold or pending in Howell in September 2024, down by 12.7% month-over-month. Of the 62 sold homes, 32% were sold under asking, 31% were sold at asking, and 37% were sold over asking.

Days on Market for Howell, MI

How long does it take to sell a home in Howell, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
17 Days24 Days+37.7%

Summary: Homes in Howell had an average of 24 days on market in Sep 2024, up by 37.7% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Howell are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 62 homes were sold in Howell; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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