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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Woodland Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Woodland Township, MI

How much do homes in Woodland Township, MI cost?

Median Sold Price

$229,900

$100/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$226,400(-49.6%)

Key Takeaway

Homes in Woodland Township have sold for 49.6% less than they did a month ago.

Summary: The median home sold price in Woodland Township was $229,900 in November 2024, down 49.6% from last month, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $456.3K-
N/A
5+ -$229.9K
N/A

Summary: Woodland 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

Woodland
+45.9%
Odessa Township
-14.0%
Woodland Township
-49.6%

Housing Supply in Woodland Township, MI

How many homes are available in Woodland Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
65-16.7%

Summary: The Woodland Township real estate market had 5 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The Woodland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Woodland Township in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Woodland Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
7 Days7 Days-6.7%

Summary: Homes in Woodland Township had an average of 7 days on market in Nov 2024, down by 6.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Woodland 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Woodland Township, MI

Nearby Markets to Woodland Township, MI