$175,000
44.14 Acres
Land
Stephen Hollowell, Listing Office: Keller Williams Ann Arbor
Is Waterloo 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, Waterloo Township has remained a Seller's Market.
Key Takeaway
Waterloo Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waterloo Township, MI
How much do homes in Waterloo Township, MI cost?
Median Sold Price
$225,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$107,500(-32.3%)
Key Takeaway
Homes in Waterloo Township have sold for 32.3% less than they did a year ago.
Summary: The median home sold price in Waterloo Township was $225,000 in October 2024, down 32.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $129K | N/A |
| 2 Bedrooms | $297.5K | $169.2K | -43.1% |
| 3 Bedrooms | $295K | $299.9K | +1.7% |
| 4 Bedrooms | $534K | $535K | 0.2% |
| 5+ Bedrooms | $325K | $427K | +31.4% |
Summary: Waterloo Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Lyndon Township | $380K | $489K | +28.7% |
| Henrietta Township | $227K | $250K | +10.1% |
| Waterloo Township | $332.5K | $225K | -32.3% |
Housing Supply in Waterloo Township, MI
How many homes are available in Waterloo Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Waterloo Township real estate market had 12 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Waterloo Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waterloo Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Waterloo Township in October 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Waterloo Township, MI
How long does it take to sell a home in Waterloo Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 25 Days | -19.6% |
Summary: Homes in Waterloo Township had an average of 25 days on market in Oct 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waterloo Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Waterloo Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
