Is Norwich 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, Norwich Township has remained a Seller's Market.
Housing Prices in Norwich Township, MI
How much do homes in Norwich Township, MI cost?
Median Sold Price
$224,900
$292/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Norwich Township was $224,900 in May 2024, down 19.7% from last month, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $224.9K | N/A |
3 Bedrooms | $238.5K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | $280K | - | N/A |
Summary: Norwich Township housing prices by bedroom type for May 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Norwich Township, MI
How many homes are available in Norwich Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Summary: The Norwich Township real estate market had 4 homes for sale in May 2024, a 33.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Norwich Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Norwich Township in May 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Norwich Township, MI
How long does it take to sell a home in Norwich Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 Days | 28 Days | -70.2% |
Summary: Homes in Norwich Township had an average of 28 days on market in May 2024, down by 70.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Norwich Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.