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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conway Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Conway Township, MI

How much do homes in Conway Township, MI cost?

Median Sold Price

$305,500

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,377(-1.7%)

Key Takeaway

Homes in Conway Township have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Conway Township was $305,500 in October 2024, down 1.7% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $288K$200K
-30.6%
2 $347.5K$185.5K
-46.6%
3 $320K$315K
-1.6%
4 $325K$338.9K
+4.3%
5+ $310.8K$560K
+80.1%

Summary: Conway Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 46.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 80.1%.

Median Sold Price Compared To Nearby Cities

Burns Township
+12.6%
Conway Township
-1.7%

Housing Supply in Conway Township, MI

How many homes are available in Conway Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Conway Township real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 66
0.0%
4 23
+50.0%
5+ 12
+100.0%

Summary: The Conway 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conway Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Conway Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Conway Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days80 Days+76.0%

Summary: Homes in Conway Township had an average of 80 days on market in Oct 2024, up by 76% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Conway Township; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 16 Days Ago

Newest Listings in Conway Township, MI

Nearby Markets to Conway Township, MI

What housing markets are near Conway Township, MI?