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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Weesaw Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Weesaw Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Weesaw Township, MI

How much do homes in Weesaw Township, MI cost?

Median Sold Price

$278,312

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$9,187(-3.2%)

Key Takeaway

Homes in Weesaw Township have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Weesaw Township was $278,312 in October 2024, down 3.2% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$130K
N/A
2 $304K$250K
-17.8%
3 $230K$261.6K
+13.8%
4 $439.5K$391K
-11.0%
5+ $239K-
N/A

Summary: Weesaw 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 decreased by 17.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 11%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buchanan Township
+13.0%
Sawyer
-1.4%
Weesaw Township
-3.2%
Baroda Township
-10.0%

Housing Supply in Weesaw Township, MI

How many homes are available in Weesaw Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The Weesaw Township real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 45
+25.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Weesaw Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Weesaw Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Weesaw Township in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Weesaw Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days74 Days+39.4%

Summary: Homes in Weesaw Township had an average of 74 days on market in Oct 2024, up by 39.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Weesaw Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Weesaw Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 16 Days Ago

Newest Listings in Weesaw Township, MI

Nearby Markets to Weesaw Township, MI

What housing markets are near Weesaw Township, MI?