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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scio Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Scio Township, MI

How much do homes in Scio Township, MI cost?

Median Sold Price

$550,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$6,312(+1.2%)

Key Takeaway

Homes in Scio Township have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Scio Township was $550,000 in December 2024, up 1.2% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $344K$349.5K
+1.6%
2 $325K$293.5K
-9.7%
3 $466K$468.5K
0.5%
4 $640K$618K
-3.4%
5+ $708K$890K
+25.7%

Summary: Scio Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 25.7%.

Median Sold Price Compared To Nearby Cities

Webster Township
+7.8%
Dexter
+3.7%
Ann Arbor Charter Township
+2.7%
Ann Arbor
+2.6%
Scio Township
+1.2%

Housing Supply in Scio Township, MI

How many homes are available in Scio Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6253-14.5%

Summary: The Scio Township real estate market had 53 homes for sale in December 2024, a 14.5% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 911
+22.2%
3 1815
-16.7%
4 2521
-16.0%
5+ 105
-50.0%

Summary: The Scio Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer50%25%25%

Key Takeaway

If you're buying a home in Scio Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Scio Township in December 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Scio Township, MI

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

Average Sale Time

Dec 2023Dec 2024CHANGE
79 Days58 Days-26.4%

Summary: Homes in Scio Township had an average of 58 days on market in Dec 2024, down by 26.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times50%33%17%

Key Takeaway

Avg time on Rocket Homes in Scio Township has remained consistent over time.

Summary: During December 2024, 12 homes were sold in Scio Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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 8 Days Ago

Newest Listings in Scio Township, MI

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