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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Coldwater Township is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Coldwater 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 Coldwater Township, MI

How much do homes in Coldwater Township, MI cost?

Median Sold Price

$225,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,550(+12.8%)

Key Takeaway

Homes in Coldwater Township have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Coldwater Township was $225,000 in November 2024, up 12.8% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $130K$100K
-23.1%
2 $159.9K$160K
0.1%
3 $212K$225K
+6.1%
4 $184K$280K
+52.2%
5+ $410.5K$315K
-23.3%

Summary: Coldwater Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes decreased by 23.3%.

Median Sold Price Compared To Nearby Cities

Coldwater Township
+12.8%
Lake
0.3%

Housing Supply in Coldwater Township, MI

How many homes are available in Coldwater Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10190-10.9%

Summary: The Coldwater Township real estate market had 90 homes for sale in November 2024, a 10.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 24
+100.0%
2 1413
-7.1%
3 5447
-13.0%
4 2220
-9.1%
5+ 96
-33.3%

Summary: The Coldwater 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 decreased by 7.1%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3014-53.3%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Coldwater Township, you may be able to get a good deal. 78.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Coldwater Township in November 2024, down by 53.3% month-over-month. Of the 14 sold homes, 79% were sold under asking, 14% were sold at asking, and 7% were sold over asking.

Days on Market for Coldwater Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
48 Days60 Days+23.3%

Summary: Homes in Coldwater Township had an average of 60 days on market in Nov 2024, up by 23.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Coldwater Township; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% 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 2 Days Ago

Newest Listings in Coldwater Township, MI

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