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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Williamstown Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Williamstown Township, MI

How much do homes in Williamstown Township, MI cost?

Median Sold Price

$437,000

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$13,000(-2.9%)

Key Takeaway

Homes in Williamstown Township have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Williamstown Township was $437,000 in October 2024, down 2.9% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $225K$231.2K
+2.8%
2 $247.5K$282.5K
+14.1%
3 $293.5K$320K
+9.0%
4 $507.5K$501K
-1.3%
5+ $546.5K$775K
+41.8%

Summary: Williamstown Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 41.8%.

Median Sold Price Compared To Nearby Cities

Williamston
+3.9%
Haslett
-1.5%
Williamstown Township
-2.9%

Housing Supply in Williamstown Township, MI

How many homes are available in Williamstown Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2220-9.1%

Summary: The Williamstown Township real estate market had 20 homes for sale in October 2024, a 9.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 34
+33.3%
3 45
+25.0%
4 107
-30.0%
5+ 32
-33.3%

Summary: The Williamstown 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 increased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Williamstown Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Williamstown Township in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Williamstown Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
113 Days36 Days-68.3%

Summary: Homes in Williamstown Township had an average of 36 days on market in Oct 2024, down by 68.3% compared to last year.

Breakdown of Home Sale Times

2 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

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

Summary: During October 2024, 5 homes were sold in Williamstown Township; 40% of homes were sold within 30 days, 60% 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 Williamstown Township, MI

Nearby Markets to Williamstown Township, MI

What housing markets are near Williamstown Township, MI?