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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seville Township is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Seville Township, MI

How much do homes in Seville Township, MI cost?

Median Sold Price

$144,900

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$30,100(-17.2%)

Key Takeaway

Homes in Seville Township have sold for 17.2% less than they did a year ago.

Summary: The median home sold price in Seville Township was $144,900 in December 2024, down 17.2% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $118K-
N/A
2 $145.5K$144.9K
-0.4%
3 $185K$139.9K
-24.4%
4 $245K$151K
-38.4%
5+ $390K-
N/A

Summary: Seville Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 24.4%, 4 bedroom homes decreased by 38.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lincoln Township
+18.2%
Seville Township
-17.2%

Housing Supply in Seville Township, MI

How many homes are available in Seville Township, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
64-33.3%

Summary: The Seville Township real estate market had 4 homes for sale in December 2024, a 33.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 11
0.0%
3 41
-75.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Seville Township housing inventory by bedroom type for December 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 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seville Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Seville Township in December 2024, the same as the previous 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 Seville Township, MI

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

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days48 Days-4.0%

Summary: Homes in Seville Township had an average of 48 days on market in Dec 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Seville Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Seville Township, MI

Nearby Markets to Seville Township, MI