$3,135 Closing Credit*
$264,000
2,447 SqFt
4 Beds
•2 Full Baths
#50161173, STEVEN ROWE, Listing Office: STATE WIDE OF HOUGHTON
Is Houghton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Houghton Township has remained a Seller's Market.
Key Takeaway
Houghton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Houghton Township, MI
How much do homes in Houghton Township, MI cost?
Median Sold Price
$239,500
$133/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$40,500(-14.5%)
Key Takeaway
Homes in Houghton Township have sold for 14.5% less than they did a month ago.
Summary: The median home sold price in Houghton Township was $239,500 in October 2024, down 14.5% from last month, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $280K | $210K | -25.0% |
| 4 Bedrooms | $270K | $322K | +19.3% |
| 5+ Bedrooms | - | $250.2K | N/A |
Summary: Houghton Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Houghton Township | $280K | $239.5K | -14.5% |
| Allouez Township | $325.5K | $45K | -86.2% |
Housing Supply in Houghton Township, MI
How many homes are available in Houghton Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Houghton Township real estate market had 17 homes for sale in October 2024, a 15.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 3 | -57.1% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Houghton Township housing inventory by bedroom type for October 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 57.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Houghton Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Houghton Township in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Houghton Township, MI
How long does it take to sell a home in Houghton Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 24 Days | -33.0% |
Summary: Homes in Houghton Township had an average of 24 days on market in Oct 2024, down by 33% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Houghton Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Houghton Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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.