$2,672 Closing Credit*
$225,000
1,040 SqFt
3 Beds
•1 Full Bath
Terry W Ozak, Listing Office: RE/MAX Leading Edge
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 October 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
$265,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+8.2%)
Key Takeaway
Homes in Waterford Charter Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Waterford Charter Township was $265,000 in October 2024, up 8.2% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $73K | -14.1% |
| 2 Bedrooms | $185K | $195K | +5.4% |
| 3 Bedrooms | $255K | $275K | +7.8% |
| 4 Bedrooms | $335K | $349K | +4.2% |
| 5+ Bedrooms | $295K | $755K | +155.9% |
Summary: Waterford Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 155.9%.
Housing Supply in Waterford Charter Township, MI
How many homes are available in Waterford Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 258 | 267 | +3.5% |
Summary: The Waterford Charter Township real estate market had 267 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 154 | 156 | +1.3% |
| 4 Bedrooms | 45 | 49 | +8.9% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Waterford Charter Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 65 | -14.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
25 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. 41.5% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Waterford Charter Township in October 2024, down by 14.5% month-over-month. Of the 65 sold homes, 42% were sold under asking, 20% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 22 Days | +27.6% |
Summary: Homes in Waterford Charter Township had an average of 22 days on market in Oct 2024, up by 27.6% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were 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 October 2024, 65 homes were sold in Waterford Charter Township; 74% of homes were sold within 30 days, 22% 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.