$7,422 Closing Credit*
$625,000
4,583 SqFt
4 Beds
•4 Full Baths, 1 Partial
Alejandra Walters, Listing Office: Coldwell Banker Professionals
Is Macomb Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Macomb Township has remained a Seller's Market.
Key Takeaway
Macomb Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macomb Township, MI
How much do homes in Macomb Township, MI cost?
Median Sold Price
$445,343
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,426(+4.8%)
Key Takeaway
Homes in Macomb Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Macomb Township was $445,343 in November 2024, up 4.8% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $256K | $275K | +7.4% |
| 3 Bedrooms | $380K | $420K | +10.5% |
| 4 Bedrooms | $503K | $534.9K | +6.3% |
| 5+ Bedrooms | $547.5K | $548.5K | 0.2% |
Summary: Macomb 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 7.4%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Clinton Township | $223.2K | $250K | +12.0% |
| Clinton Charter Township | $224.5K | $250K | +11.3% |
| Macomb | $424.4K | $445.4K | +4.9% |
| Macomb Township | $424.9K | $445.3K | +4.8% |
| Chesterfield Township | $305K | $315.2K | +3.4% |
Housing Supply in Macomb Township, MI
How many homes are available in Macomb Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 288 | 272 | -5.6% |
Summary: The Macomb Township real estate market had 272 homes for sale in November 2024, a 5.6% 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 | 43 | 49 | +14.0% |
| 3 Bedrooms | 104 | 91 | -12.5% |
| 4 Bedrooms | 126 | 116 | -7.9% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Macomb 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 increased by 14%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 65 | -14.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macomb Township, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Macomb Township in November 2024, down by 14.5% month-over-month. Of the 65 sold homes, 49% were sold under asking, 28% were sold at asking, and 23% were sold over asking.
Days on Market for Macomb Township, MI
How long does it take to sell a home in Macomb Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 57 Days | +64.8% |
Summary: Homes in Macomb Township had an average of 57 days on market in Nov 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macomb Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 65 homes were sold in Macomb Township; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 9% 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.