$6,531 Closing Credit*
$550,000
1,368 SqFt
3 Beds
•2 Full Baths, 1 Partial
Brad W Houser, Listing Office: RE/MAX Executive
Is Valley 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, Valley Township has remained a Seller's Market.
Key Takeaway
Valley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley Township, MI
How much do homes in Valley Township, MI cost?
Median Sold Price
$333,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$58,000(+21.1%)
Key Takeaway
Homes in Valley Township have sold for 21.1% more than they did a year ago.
Summary: The median home sold price in Valley Township was $333,000 in September 2024, up 21.1% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $240K | $248.5K | +3.5% |
| 3 Bedrooms | $252.5K | $305K | +20.8% |
| 4 Bedrooms | $345K | $379.9K | +10.1% |
| 5+ Bedrooms | $585K | - | N/A |
Summary: Valley Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Valley Township | $275K | $333K | +21.1% |
| Allegan Township | $240K | $250K | +4.2% |
| Heath Township | $350K | $359.6K | +2.8% |
| Monterey Township | $293K | $270K | -7.8% |
Housing Supply in Valley Township, MI
How many homes are available in Valley Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Valley Township real estate market had 11 homes for sale in September 2024, a 15.4% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Valley 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Valley Township in September 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Valley Township, MI
How long does it take to sell a home in Valley Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 57 Days | 11 Days | -80.7% |
Summary: Homes in Valley Township had an average of 11 days on market in Sep 2024, down by 80.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Valley Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
