Is Weare Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weare Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Weare Township has remained a Seller's Market.

Key Takeaway

Weare Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Weare Township, MI

How much do homes in Weare Township, MI cost?

Median Sold Price

$345,000

$210/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$115,000(+50.0%)

Key Takeaway

Homes in Weare Township have sold for 50% more than they did a month ago.

Summary: The median home sold price in Weare Township was $345,000 in November 2024, up 50% from last month, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$345K
N/A
3 --
N/A
4 --
N/A
5+ $230K-
N/A

Summary: Weare Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Weare Township, MI

How many homes are available in Weare Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
330.0%

Summary: The Weare Township real estate market had 3 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 00
0.0%
4 01
+100.0%
5+ 10
-100.0%

Summary: The Weare 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weare Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Weare Township in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Weare Township, MI

How long does it take to sell a home in Weare Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
9 Days63 Days+600.0%

Summary: Homes in Weare Township had an average of 63 days on market in Nov 2024, up by 600% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Weare Township has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Weare Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Weare Township, MI

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