$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 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, 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
$430,562
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,033(+0.2%)
Key Takeaway
The sold price of homes in Washington Township has remained the same since last year.
Summary: The median home sold price in Washington Township was $430,562 in November 2024, up 0.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $309.5K | -0.2% |
| 3 Bedrooms | $401K | $425K | +6.0% |
| 4 Bedrooms | $532.4K | $616.2K | +15.7% |
| 5+ Bedrooms | $817.5K | $840K | +2.8% |
Summary: Washington 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 decreased by 0.2%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Romeo | $310.5K | $395.5K | +27.4% |
| Shelby Charter Township | $335.9K | $354.6K | +5.5% |
| Washington | $443K | $445K | 0.5% |
| Washington Township | $429.5K | $430.5K | 0.2% |
| Oakland | $732.5K | $655K | -10.6% |
Housing Supply in Washington Township, MI
How many homes are available in Washington Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 92 | -12.4% |
Summary: The Washington Township real estate market had 92 homes for sale in November 2024, a 12.4% 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 | 42 | 40 | -4.8% |
| 4 Bedrooms | 35 | 33 | -5.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Washington 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 40.9%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Washington Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Washington Township in November 2024, down by 33.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 25 Days | -49.4% |
Summary: Homes in Washington Township had an average of 25 days on market in Nov 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
14 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Washington Township; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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.