$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 Township, 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 Township has remained a Seller's Market.
Key Takeaway
Washington Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Washington Township, MI
How much do homes in Washington Township, MI cost?
Median Sold Price
$431,278
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,778(+3.3%)
Key Takeaway
Homes in Washington Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Washington Township was $431,278 in October 2024, up 3.3% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $308.9K | $309.5K | 0.2% |
| 3 Bedrooms | $405.7K | $404K | -0.4% |
| 4 Bedrooms | $487.6K | $657K | +34.7% |
| 5+ Bedrooms | $775.5K | $890K | +14.8% |
Summary: Washington Township 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 0.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 34.7%, and 5+ bedroom homes increased by 14.8%.
Median Sold Price Compared To Nearby Cities
| Romeo | $310.5K | $375K | +20.8% |
| Washington | $430K | $450K | +4.7% |
| Shelby Charter Township | $339.9K | $352.7K | +3.8% |
| Washington Township | $417.5K | $431.2K | +3.3% |
| Oakland | $744.5K | $665K | -10.7% |
Housing Supply in Washington Township, MI
How many homes are available in Washington Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 101 | +13.5% |
Summary: The Washington Township real estate market had 101 homes for sale in October 2024, a 13.5% 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 | 37 | 38 | +2.7% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Washington Township 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 2.7%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 26 | +52.9% |
Asking Price vs. Sold Price
13 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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Washington Township in October 2024, up by 52.9% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Washington Township, MI
How long does it take to sell a home in Washington Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 29 Days | -32.0% |
Summary: Homes in Washington Township had an average of 29 days on market in Oct 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Washington Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Washington Township; 69% of homes were sold within 30 days, 27% 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.