$8,609 Closing Credit*
$725,000
1,740 SqFt
3 Beds
•2 Full Baths, 1 Partial
Pat Snow, Listing Office: Tala Real Estate
Is Watervliet 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, Watervliet Township has remained a Seller's Market.
Key Takeaway
Watervliet Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Watervliet Township, MI
How much do homes in Watervliet Township, MI cost?
Median Sold Price
$267,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$37,500(+16.3%)
Key Takeaway
Homes in Watervliet Township have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Watervliet Township was $267,500 in November 2024, up 16.3% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $94.5K | -38.6% |
| 2 Bedrooms | $135K | $175.6K | +30.1% |
| 3 Bedrooms | $240K | $210K | -12.5% |
| 4 Bedrooms | $294.4K | $282.2K | -4.2% |
| 5+ Bedrooms | $982.4K | $549.5K | -44.1% |
Summary: Watervliet Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes increased by 30.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 44.1%.
Median Sold Price Compared To Nearby Cities
| Watervliet | $230K | $268K | +16.5% |
| Watervliet Township | $230K | $267.5K | +16.3% |
| Coloma Charter Township | $249.9K | $242.5K | -3.0% |
Housing Supply in Watervliet Township, MI
How many homes are available in Watervliet Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 41 | -14.6% |
Summary: The Watervliet Township real estate market had 41 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Watervliet Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Watervliet Township, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Watervliet Township in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Watervliet Township, MI
How long does it take to sell a home in Watervliet Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 73 Days | -2.0% |
Summary: Homes in Watervliet Township had an average of 73 days on market in Nov 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watervliet Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Watervliet Township; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
