$5,522 Closing Credit*
$465,000
3,659 SqFt
4 Beds
•3 Full Baths
Amy Pachera, Listing Office: Real Estate One
Is Scio Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Scio Township was a Seller's Market.
Key Takeaway
Scio Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Scio Township, MI
How much do homes in Scio Township, MI cost?
Median Sold Price
$533,850
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,816(-2.9%)
Key Takeaway
Homes in Scio Township have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Scio Township was $533,850 in October 2024, down 2.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350.5K | $326.1K | -7.0% |
| 2 Bedrooms | $288.5K | $322K | +11.6% |
| 3 Bedrooms | $474K | $463.5K | -2.2% |
| 4 Bedrooms | $655K | $615K | -6.1% |
| 5+ Bedrooms | $736K | $870K | +18.2% |
Summary: Scio Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
| Webster Township | $510K | $575K | +12.7% |
| Ann Arbor | $479.8K | $500.1K | +4.2% |
| Ann Arbor Charter Township | $480.1K | $500K | +4.1% |
| Dexter | $481.8K | $500K | +3.8% |
| Scio Township | $549.6K | $533.8K | -2.9% |
Housing Supply in Scio Township, MI
How many homes are available in Scio Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 80 | +11.1% |
Summary: The Scio Township real estate market had 80 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 26 | 24 | -7.7% |
| 4 Bedrooms | 27 | 31 | +14.8% |
| 5+ Bedrooms | 11 | 14 | +27.3% |
Summary: The Scio Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scio Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Scio Township in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -20.0% |
Summary: Homes in Scio Township had an average of 27 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Scio Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Scio Township; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
