Is Billings Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Billings Township is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Billings Township was a Seller's Market.

Key Takeaway

Billings Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Billings Township, MI

How much do homes in Billings Township, MI cost?

Median Sold Price

$150,950

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,500(+14.0%)

Key Takeaway

Homes in Billings Township have sold for 14% more than they did a year ago.

Summary: The median home sold price in Billings Township was $150,950 in November 2024, up 14% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $75K$62K
-17.3%
2 $95K$130.7K
+37.6%
3 $201.5K$195K
-3.2%
4 $402.5K$320K
-20.5%
5+ --
N/A

Summary: Billings Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes increased by 37.6%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes did not change.

Housing Supply in Billings Township, MI

How many homes are available in Billings Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2926-10.3%

Summary: The Billings Township real estate market had 26 homes for sale in November 2024, a 10.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1212
0.0%
3 96
-33.3%
4 54
-20.0%
5+ 22
0.0%

Summary: The Billings Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Billings Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Billings Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Billings Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days88 Days+551.9%

Summary: Homes in Billings Township had an average of 88 days on market in Nov 2024, up by 551.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Billings Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Billings Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Billings Township, MI

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