$2,066 Closing Credit*
$174,000
1,426 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50163019, MELISSA MIKUS, Listing Office: UPWARDS REAL ESTATE
Is Wells Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Wells Township was a Seller's Market.
Key Takeaway
Wells Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wells Township, MI
How much do homes in Wells Township, MI cost?
Median Sold Price
$117,250
$87/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$187,200(-61.5%)
Key Takeaway
Homes in Wells Township have sold for 61.5% less than they did a month ago.
Summary: The median home sold price in Wells Township was $117,250 in November 2024, down 61.5% from last month, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.9K | - | N/A |
| 3 Bedrooms | - | $117.2K | N/A |
| 4 Bedrooms | $369K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Wells 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.
Median Sold Price Compared To Nearby Cities
| Escanaba Township | $154.2K | $149K | -3.4% |
| Wells Township | $304.4K | $117.2K | -61.5% |
Housing Supply in Wells Township, MI
How many homes are available in Wells Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Wells Township real estate market had 12 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wells 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wells Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Wells Township in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Wells Township, MI
How long does it take to sell a home in Wells Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 Days | 17 Days | +183.3% |
Summary: Homes in Wells Township had an average of 17 days on market in Nov 2024, up by 183.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wells Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Wells Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.