$10,000 Closing Credit*
$1,996,000
3,659 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50163056, Barbara Gates, Listing Office: MJC Real Estate Co Inc.
Is Washington, 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, 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
$445,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$2,000(+0.5%)
Key Takeaway
The sold price of homes in Washington has remained the same since last year.
Summary: The median home sold price in Washington was $445,000 in November 2024, up 0.5% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $311.9K | -2.5% |
| 3 Bedrooms | $417.5K | $430K | +3.0% |
| 4 Bedrooms | $570K | $645K | +13.2% |
| 5+ Bedrooms | $835K | $840K | +0.6% |
Summary: Washington 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 decreased by 2.5%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Romeo | $310.5K | $395.5K | +27.4% |
| Washington | $443K | $445K | 0.5% |
| Washington Township | $429.5K | $430.5K | 0.2% |
| Oakland Charter Township | $625K | $607K | -2.9% |
| Oakland | $732.5K | $655K | -10.6% |
Housing Supply in Washington, MI
How many homes are available in Washington, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 87 | -12.1% |
Summary: The Washington real estate market had 87 homes for sale in November 2024, a 12.1% 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 | 22 | 13 | -40.9% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 33 | 32 | -3.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Washington 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 40.9%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Washington in November 2024, down by 35.7% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 28 Days | -47.9% |
Summary: Homes in Washington had an average of 28 days on market in Nov 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 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 November 2024, 18 homes were sold in Washington; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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.