Is Waterloo Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Waterloo Township was a Seller's Market.
Key Takeaway
Waterloo Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waterloo Township, MI
How much do homes in Waterloo Township, MI cost?
Median Sold Price
$272,500
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waterloo Township have sold for 19.9% less than they did a year ago.
Summary: The median home sold price in Waterloo Township was $272,500 in May 2024, down 19.9% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $221K | N/A |
| 2 Bedrooms | $528.7K | $156.3K | -70.4% |
| 3 Bedrooms | $337K | $272.5K | -19.1% |
| 4 Bedrooms | $830K | $534K | -35.7% |
| 5+ Bedrooms | $325K | $440K | +35.4% |
Summary: Waterloo Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 70.4%, 3 bedroom homes decreased by 19.1%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 35.4%.
Median Sold Price Compared To Nearby Cities
| Lyndon Township | $380K | $425K | +11.8% |
| Stockbridge Township | $253.5K | $275.5K | +8.7% |
| Waterloo Township | $340K | $272.5K | -19.9% |
Housing Supply in Waterloo Township, MI
How many homes are available in Waterloo Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 16 | +100.0% |
Summary: The Waterloo Township real estate market had 16 homes for sale in May 2024, a 100.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 2 | 6 | +200.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Waterloo Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 200%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Waterloo Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Waterloo Township in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 4 Days | -81.8% |
Summary: Homes in Waterloo Township had an average of 4 days on market in May 2024, down by 81.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were 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 May 2024, 1 homes were sold in Waterloo Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.