Is Washtenaw County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washtenaw County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Washtenaw County has remained a Seller's Market.

Key Takeaway

Washtenaw County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Washtenaw County, MI

How much do homes in Washtenaw County, MI cost?

Median Sold Price

$405,756

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,379(+5.3%)

Key Takeaway

Homes in Washtenaw County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Washtenaw County was $405,756 in November 2024, up 5.3% from last year, and the median price per square foot was $208.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$235K
+6.8%
2 $272.7K$278K
+1.9%
3 $353.6K$383.4K
+8.4%
4 $508.6K$531.4K
+4.5%
5+ $675K$736.1K
+9.1%

Summary: Washtenaw County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.1%.

Median Sold Price Compared To Nearby Counties

Wayne County
+7.3%
Oakland County
+5.6%
Washtenaw County
+5.3%
Livingston County
+2.8%
Monroe County
+2.2%

Housing Supply in Washtenaw County, MI

How many homes are available in Washtenaw County, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,013916-9.6%

Summary: The Washtenaw County real estate market had 916 homes for sale in November 2024, a 9.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2112
-42.9%
2 183169
-7.7%
3 434392
-9.7%
4 281265
-5.7%
5+ 9478
-17.0%

Summary: The Washtenaw County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 17%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
259226-12.7%

Asking Price vs. Sold Price

104 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

69 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washtenaw County, you may be able to get a good deal. 46% of homes here sold below asking price last month.

Summary: A total of 226 homes were sold or pending in Washtenaw County in November 2024, down by 12.7% month-over-month. Of the 226 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% were sold over asking.

Days on Market for Washtenaw County, MI

How long does it take to sell a home in Washtenaw County, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days45 Days-14.9%

Summary: Homes in Washtenaw County had an average of 45 days on market in Nov 2024, down by 14.9% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

97 Homes Were Sold
In 30 - 90 Days

31 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washtenaw County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 226 homes were sold in Washtenaw County; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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