$2,552 Closing Credit*
$214,900
1,186 SqFt
3 Beds
•1 Full Bath
Timothy J Gilson, Richard Rochte, Listing Office: Good Company
Is Waterford, 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, Waterford has remained a Seller's Market.
Key Takeaway
Waterford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford, MI
How much do homes in Waterford, MI cost?
Median Sold Price
$266,187
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,442(+7.0%)
Key Takeaway
Homes in Waterford have sold for 7% more than they did a year ago.
Summary: The median home sold price in Waterford was $266,187 in November 2024, up 7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $73.5K | -13.5% |
| 2 Bedrooms | $185K | $200K | +8.1% |
| 3 Bedrooms | $255.8K | $275K | +7.5% |
| 4 Bedrooms | $335K | $355K | +6.0% |
| 5+ Bedrooms | $305K | $511.5K | +67.7% |
Summary: Waterford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 67.7%.
Median Sold Price Compared To Nearby Cities
| Waterford | $248.7K | $266.1K | +7.0% |
| Waterford Charter Township | $249.5K | $266.5K | +6.8% |
Housing Supply in Waterford, MI
How many homes are available in Waterford, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 259 | 262 | +1.2% |
Summary: The Waterford real estate market had 262 homes for sale in November 2024, a 1.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 54 | 54 | 0.0% |
| 3 Bedrooms | 149 | 143 | -4.0% |
| 4 Bedrooms | 45 | 53 | +17.8% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Waterford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 61 | -16.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waterford, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Waterford in November 2024, down by 16.4% month-over-month. Of the 61 sold homes, 46% were sold under asking, 20% were sold at asking, and 34% were sold over asking.
Days on Market for Waterford, MI
How long does it take to sell a home in Waterford, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 22 Days | -5.7% |
Summary: Homes in Waterford had an average of 22 days on market in Nov 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Waterford are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 61 homes were sold in Waterford; 79% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% 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.