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 Last Month

Since last month, 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

$196,250

$121/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$51,250(+35.3%)

Key Takeaway

Homes in Seville Township have sold for 35.3% more than they did a month ago.

Summary: The median home sold price in Seville Township was $196,250 in October 2024, up 35.3% from last month, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$117.5K
N/A
3 $145K$275K
+89.7%
4 --
N/A
5+ --
N/A

Summary: Seville Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 89.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Seville Township
+35.3%
Elwell
+35.3%
Lincoln Township
+3.5%
Vestaburg
-36.9%

Housing Supply in Seville Township, MI

How many homes are available in Seville Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
550.0%

Summary: The Seville Township real estate market had 5 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Seville 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 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

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Seville Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Sep 2024Oct 2024CHANGE
118 Days48 Days-58.9%

Summary: Homes in Seville Township had an average of 48 days on market in Oct 2024, down by 58.9% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seville Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Seville 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Seville Township, MI

Nearby Markets to Seville Township, MI