$3,750,000
2,400 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kevin Doyle, James Parker, Listing Office: Hayden Outdoors
Is Addison Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Addison Township was a Seller's Market.
Key Takeaway
Addison Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Addison Township, MI
How much do homes in Addison Township, MI cost?
Median Sold Price
$424,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$104,000(+32.5%)
Key Takeaway
Homes in Addison Township have sold for 32.5% more than they did a year ago.
Summary: The median home sold price in Addison Township was $424,000 in November 2024, up 32.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | - | N/A |
| 2 Bedrooms | $240K | $245K | +2.1% |
| 3 Bedrooms | $320K | $392.4K | +22.6% |
| 4 Bedrooms | $459.9K | $585K | +27.2% |
| 5+ Bedrooms | $511.8K | $679K | +32.6% |
Summary: Addison Township housing prices by bedroom type for November 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 27.2%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Leonard | $419.9K | $562K | +33.8% |
| Addison Township | $320K | $424K | +32.5% |
| Bruce Township | $415K | $438.1K | +5.6% |
| Oakland Charter Township | $625K | $607K | -2.9% |
| Oakland | $732.5K | $655K | -10.6% |
Housing Supply in Addison Township, MI
How many homes are available in Addison Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 29 | -3.3% |
Summary: The Addison Township real estate market had 29 homes for sale in November 2024, a 3.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Addison Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Addison Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 73 Days | +96.4% |
Summary: Homes in Addison Township had an average of 73 days on market in Nov 2024, up by 96.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Addison Township has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Addison Township; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.