$10,000 Closing Credit*
$1,150,000
4,296 SqFt
5 Beds
•4 Full Baths, 1 Partial
Julia Huang King, Listing Office: National Realty Centers, Inc
Is Scio Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$537,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$2,500(-0.5%)
Key Takeaway
The sold price of homes in Scio Township has remained the same since last year.
Summary: The median home sold price in Scio Township was $537,500 in September 2024, down 0.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $347K | $326.1K | -6.0% |
| 2 Bedrooms | $310K | $323.5K | +4.4% |
| 3 Bedrooms | $466K | $468.5K | 0.5% |
| 4 Bedrooms | $640K | $615K | -3.9% |
| 5+ Bedrooms | $702.5K | $868K | +23.6% |
Summary: Scio Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Webster Township | $516.5K | $545K | +5.5% |
| Dexter | $482.8K | $496.4K | +2.8% |
| Ann Arbor | $484.6K | $495.8K | +2.3% |
| Ann Arbor Charter Township | $484.5K | $495.8K | +2.3% |
| Scio Township | $540K | $537.5K | -0.5% |
Housing Supply in Scio Township, MI
How many homes are available in Scio Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 84 | 80 | -4.8% |
Summary: The Scio Township real estate market had 80 homes for sale in September 2024, a 4.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 25 | 27 | +8.0% |
| 4 Bedrooms | 36 | 31 | -13.9% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Scio Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 24 | 16 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Scio Township, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Scio Township in September 2024, down by 33.3% month-over-month. Of the 16 sold homes, 38% were sold under asking, 6% were sold at asking, and 56% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 72 Days | 16 Days | -77.1% |
Summary: Homes in Scio Township had an average of 16 days on market in Sep 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Scio Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 16 homes were sold in Scio Township; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
