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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tittabawassee Township is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tittabawassee Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Tittabawassee Township, MI

How much do homes in Tittabawassee Township, MI cost?

Median Sold Price

$315,750

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$23,300(+8.0%)

Key Takeaway

Homes in Tittabawassee Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Tittabawassee Township was $315,750 in November 2024, up 8% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $195K$212.4K
+8.9%
3 $295K$313.5K
+6.3%
4 $315K$372.5K
+18.3%
5+ $344.5K$380K
+10.3%

Summary: Tittabawassee Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Cities

Thomas Township
+17.9%
Freeland
+10.5%
Tittabawassee Township
+8.0%

Housing Supply in Tittabawassee Township, MI

How many homes are available in Tittabawassee Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3729-21.6%

Summary: The Tittabawassee Township real estate market had 29 homes for sale in November 2024, a 21.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1916
-15.8%
4 118
-27.3%
5+ 53
-40.0%

Summary: The Tittabawassee Township housing inventory by bedroom type for November 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 15.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Tittabawassee Township in November 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Tittabawassee Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days21 Days-4.0%

Summary: Homes in Tittabawassee Township had an average of 21 days on market in Nov 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in Tittabawassee Township; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

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