$2,849 Closing Credit*
$239,900
1,833 SqFt
3 Beds
•2 Full Baths, 1 Partial
#50160541, JACOB HANSEN, Listing Office: PREMIER REAL ESTATE, INC.
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
Since last month, Wells Township has remained a Seller's Market.
Key Takeaway
Wells Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wells Township, MI
How much do homes in Wells Township, MI cost?
Median Sold Price
$304,450
$194/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$102,950(+51.1%)
Key Takeaway
Homes in Wells Township have sold for 51.1% more than they did a month ago.
Summary: The median home sold price in Wells Township was $304,450 in October 2024, up 51.1% from last month, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155.5K | $239.9K | +54.3% |
| 3 Bedrooms | $450K | - | N/A |
| 4 Bedrooms | $239K | $369K | +54.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Wells Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 54.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 54.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Wells Township | $201.5K | $304.4K | +51.1% |
| Escanaba | $177.2K | $145K | -18.2% |
Housing Supply in Wells Township, MI
How many homes are available in Wells Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Wells Township real estate market had 11 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Wells 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 decreased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wells Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Wells Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 6 Days | -36.8% |
Summary: Homes in Wells Township had an average of 6 days on market in Oct 2024, down by 36.8% 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 October 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.