Is Williamston, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Williamston is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Williamston, MI

How much do homes in Williamston, MI cost?

Median Sold Price

$306,588

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,588(+3.9%)

Key Takeaway

Homes in Williamston have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Williamston was $306,588 in October 2024, up 3.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $125K$230K
+84.0%
2 $171.5K$192.3K
+12.2%
3 $267K$287.1K
+7.6%
4 $427.5K$440K
+2.9%
5+ $565K$560K
-0.9%

Summary: Williamston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.9%.

Median Sold Price Compared To Nearby Cities

Williamston
+3.9%
Williamstown Township
-2.9%

Housing Supply in Williamston, MI

How many homes are available in Williamston, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4450+13.6%

Summary: The Williamston real estate market had 50 homes for sale in October 2024, a 13.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1013
+30.0%
3 1321
+61.5%
4 127
-41.7%
5+ 66
0.0%

Summary: The Williamston 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 increased by 30%, 3 bedroom homes increased by 61.5%, 4 bedroom homes decreased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamston, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Williamston in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 30% were sold under asking, 10% were sold at asking, and 60% were sold over asking.

Days on Market for Williamston, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days24 Days-60.4%

Summary: Homes in Williamston had an average of 24 days on market in Oct 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Williamston; 70% of homes were sold within 30 days, 30% 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 20 Days Ago

Newest Listings in Williamston, MI

Nearby Markets to Williamston, MI

What housing markets are near Williamston, MI?