$4,667 Closing Credit*
$393,000
1,616 SqFt
3 Beds
•2 Full Baths, 1 Partial
Kim Pizzo Smigielski, Listing Office: Nexus Real Estate LLC
Is Washington, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Washington has remained a Seller's Market.
Key Takeaway
Washington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington, MI
How much do homes in Washington, MI cost?
Median Sold Price
$450,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.7%)
Key Takeaway
Homes in Washington have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Washington was $450,000 in October 2024, up 4.7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $315K | $319.4K | +1.4% |
| 3 Bedrooms | $420K | $430K | +2.4% |
| 4 Bedrooms | $509.2K | $675.5K | +32.6% |
| 5+ Bedrooms | $800K | $890K | +11.3% |
Summary: Washington housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 32.6%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
| Romeo | $310.5K | $375K | +20.8% |
| Washington | $430K | $450K | +4.7% |
| Washington Township | $417.5K | $431.2K | +3.3% |
| Oakland Charter Township | $620K | $630.7K | +1.7% |
| Oakland | $744.5K | $665K | -10.7% |
Housing Supply in Washington, MI
How many homes are available in Washington, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 96 | +14.3% |
Summary: The Washington real estate market had 96 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 20 | +53.8% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 29 | 34 | +17.2% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Washington 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 increased by 53.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Washington in October 2024, up by 60.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Washington, MI
How long does it take to sell a home in Washington, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 29 Days | -32.0% |
Summary: Homes in Washington had an average of 29 days on market in Oct 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Washington; 71% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.