$54,900
2.46 Acres
Land
Diana Faust, Listing Office: Heart O' The Hills Realty
Is Addison Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Addison Township was a Seller's Market.
Key Takeaway
Addison Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Addison Township, MI
How much do homes in Addison Township, MI cost?
Median Sold Price
$428,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$108,000(+33.8%)
Key Takeaway
Homes in Addison Township have sold for 33.8% more than they did a year ago.
Summary: The median home sold price in Addison Township was $428,000 in October 2024, up 33.8% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | - | N/A |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $320K | $392.4K | +22.6% |
| 4 Bedrooms | $459.9K | $570K | +23.9% |
| 5+ Bedrooms | $556.2K | $679K | +22.1% |
Summary: Addison Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Addison Township | $320K | $428K | +33.8% |
| Leonard | $422.5K | $556.5K | +31.7% |
| Bruce Township | $412.3K | $432.5K | +4.9% |
| Oakland Charter Township | $620K | $630.7K | +1.7% |
| Oakland | $744.5K | $665K | -10.7% |
Housing Supply in Addison Township, MI
How many homes are available in Addison Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 31 | +24.0% |
Summary: The Addison Township real estate market had 31 homes for sale in October 2024, a 24.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Addison Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 44.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Addison Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Addison Township in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Addison Township, MI
How long does it take to sell a home in Addison Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -27.4% |
Summary: Homes in Addison Township had an average of 33 days on market in Oct 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Addison Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Addison Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.