$903 Closing Credit*
$76,000
972 SqFt
3 Beds
•1 Full Bath
Scott Fader, Listing Office: Joseph Walter Realty, LLC
Is Wayne Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wayne Township was a Seller's Market.
Key Takeaway
Wayne Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wayne Township, MI
How much do homes in Wayne Township, MI cost?
Median Sold Price
$175,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+16.7%)
Key Takeaway
Homes in Wayne Township have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Wayne Township was $175,000 in October 2024, up 16.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $135K | N/A |
| 2 Bedrooms | $118.4K | $135.2K | +14.2% |
| 3 Bedrooms | $154.5K | $175K | +13.3% |
| 4 Bedrooms | $207K | $227K | +9.7% |
| 5+ Bedrooms | $192.5K | $345K | +79.2% |
Summary: Wayne 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 increased by 14.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 79.2%.
Median Sold Price Compared To Nearby Cities
| Wayne Township | $150K | $175K | +16.7% |
| Dowagiac | $168.2K | $194.5K | +15.6% |
| Hamilton Township | $348.5K | $355K | +1.9% |
| Decatur Township | $195K | $167.2K | -14.2% |
Housing Supply in Wayne Township, MI
How many homes are available in Wayne Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 68 | +7.9% |
Summary: The Wayne Township real estate market had 68 homes for sale in October 2024, a 7.9% increase 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 41 | 44 | +7.3% |
| 4 Bedrooms | 13 | 15 | +15.4% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Wayne 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 remained the same, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wayne Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Wayne Township in October 2024, down by 18.2% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 34 Days | +307.9% |
Summary: Homes in Wayne Township had an average of 34 days on market in Oct 2024, up by 307.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Wayne Township has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Wayne Township; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.