$344 Closing Credit*
$29,000
1,500 SqFt
2 Beds
Bryan Playford, Listing Office: Playford Real Estate
Is Reading Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Reading Township was a Seller's Market.
Key Takeaway
Reading Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reading Township, MI
How much do homes in Reading Township, MI cost?
Median Sold Price
$172,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-1.4%)
Key Takeaway
Homes in Reading Township have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Reading Township was $172,500 in November 2024, down 1.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.2K | - | N/A |
| 2 Bedrooms | $221.5K | $139K | -37.2% |
| 3 Bedrooms | $140K | $185K | +32.1% |
| 4 Bedrooms | $232.5K | $310K | +33.3% |
| 5+ Bedrooms | $173.5K | $157K | -9.5% |
Summary: Reading 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 decreased by 37.2%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Camden Township | $200K | $230K | +15.0% |
| Reading | $160K | $168K | +5.0% |
| Reading Township | $175K | $172.5K | -1.4% |
Housing Supply in Reading Township, MI
How many homes are available in Reading Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Reading Township real estate market had 18 homes for sale in November 2024, a 5.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Reading Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Reading Township in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Reading Township, MI
How long does it take to sell a home in Reading Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 33 Days | +7.6% |
Summary: Homes in Reading Township had an average of 33 days on market in Nov 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reading Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Reading Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.