$1,127 Closing Credit*
$94,900
744 SqFt
2 Beds
•1 Full Bath
Ammer Ahmad, Listing Office: Century 21 Professionals Plymouth
Is Wayne 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, Wayne Township has remained a Seller's Market.
Key Takeaway
Wayne Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wayne Township, MI
How much do homes in Wayne Township, MI cost?
Median Sold Price
$180,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+18.0%)
Key Takeaway
Homes in Wayne Township have sold for 18% more than they did a year ago.
Summary: The median home sold price in Wayne Township was $180,000 in November 2024, up 18% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $130K | $130.6K | 0.5% |
| 3 Bedrooms | $155K | $175K | +12.9% |
| 4 Bedrooms | $237K | $220K | -7.2% |
| 5+ Bedrooms | $207.5K | $425K | +104.8% |
Summary: Wayne Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 104.8%.
Median Sold Price Compared To Nearby Cities
| Dowagiac | $164K | $195K | +18.9% |
| Wayne Township | $152.5K | $180K | +18.0% |
| Decatur Township | $174.9K | $172.5K | -1.4% |
Housing Supply in Wayne Township, MI
How many homes are available in Wayne Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The Wayne Township real estate market had 72 homes for sale in November 2024, a 9.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 42 | 47 | +11.9% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wayne 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 increased by 28.6%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Wayne Township in November 2024, up by 41.7% month-over-month. Of the 17 sold homes, 59% were sold under asking, 24% were sold at asking, and 18% were sold over asking.
Days on Market for Wayne Township, MI
How long does it take to sell a home in Wayne Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 38 Days | +11.3% |
Summary: Homes in Wayne Township had an average of 38 days on market in Nov 2024, up by 11.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Wayne Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Wayne Township; 47% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.