$34,900
1.52 Acres
Land
Michelle Bachman, Listing Office: Beachwalk Properties, LLC
Is Trowbridge Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Trowbridge Township has remained a Seller's Market.
Key Takeaway
Trowbridge Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Trowbridge Township, MI
How much do homes in Trowbridge Township, MI cost?
Median Sold Price
$290,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,600(+10.5%)
Key Takeaway
Homes in Trowbridge Township have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Trowbridge Township was $290,000 in November 2024, up 10.5% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $266K | N/A |
| 2 Bedrooms | $229K | $289.9K | +26.6% |
| 3 Bedrooms | $356.9K | $287.5K | -19.4% |
| 4 Bedrooms | $265K | $315K | +18.9% |
| 5+ Bedrooms | $232.5K | $310K | +33.3% |
Summary: Trowbridge 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 26.6%, 3 bedroom homes decreased by 19.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| Trowbridge Township | $262.4K | $290K | +10.5% |
| Allegan Township | $245K | $250K | +2.0% |
| Pine Grove Township | $250K | $238.7K | -4.5% |
| Otsego Township | $265K | $239.3K | -9.7% |
Housing Supply in Trowbridge Township, MI
How many homes are available in Trowbridge Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 10 | -37.5% |
Summary: The Trowbridge Township real estate market had 10 homes for sale in November 2024, a 37.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 4 | -50.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Trowbridge 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 decreased by 33.3%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Trowbridge 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 Trowbridge Township in November 2024, down by 60.0% 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 Trowbridge Township, MI
How long does it take to sell a home in Trowbridge Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 13 Days | 17 Days | +29.6% |
Summary: Homes in Trowbridge Township had an average of 17 days on market in Nov 2024, up by 29.6% compared to last year.
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
Key Takeaway
Many homes in Trowbridge Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Trowbridge 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.
