$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 Charter 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, Waterford Charter Township has remained a Seller's Market.
Key Takeaway
Waterford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterford Charter Township, MI
How much do homes in Waterford Charter Township, MI cost?
Median Sold Price
$266,517
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,017(+6.8%)
Key Takeaway
Homes in Waterford Charter Township have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Waterford Charter Township was $266,517 in November 2024, up 6.8% 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 | $255.6K | $275K | +7.6% |
| 4 Bedrooms | $335K | $355K | +6.0% |
| 5+ Bedrooms | $305K | $511.5K | +67.7% |
Summary: Waterford Charter Township 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 7.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 67.7%.
Housing Supply in Waterford Charter Township, MI
How many homes are available in Waterford Charter Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 260 | 262 | +0.8% |
Summary: The Waterford Charter Township real estate market had 262 homes for sale in November 2024, a 0.8% 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 | 150 | 142 | -5.3% |
| 4 Bedrooms | 45 | 54 | +20.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Waterford Charter Township 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 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 61 | -18.7% |
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 Charter Township, 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 Charter Township in November 2024, down by 18.7% 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 Charter Township, MI
How long does it take to sell a home in Waterford Charter Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 22 Days | -11.4% |
Summary: Homes in Waterford Charter Township had an average of 22 days on market in Nov 2024, down by 11.4% 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 Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 61 homes were sold in Waterford Charter Township; 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.