$21,500
0.21 Acres
Land
#50162688, Tracy Kritzman, Listing Office: Town & Country Realty-Lexington
Is Worth 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, Worth Township was a Seller's Market.
Key Takeaway
Worth Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Worth Township, MI
How much do homes in Worth Township, MI cost?
Median Sold Price
$335,000
$199/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$99,600(+42.3%)
Key Takeaway
Homes in Worth Township have sold for 42.3% more than they did a month ago.
Summary: The median home sold price in Worth Township was $335,000 in November 2024, up 42.3% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $159.5K | $225K | +41.0% |
| 4 Bedrooms | - | $335K | N/A |
| 5+ Bedrooms | $240K | $1.2M | +437.5% |
Summary: Worth 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 increased by 41%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 437.5%.
Median Sold Price Compared To Nearby Cities
| Worth Township | $235.4K | $335K | +42.3% |
| Lexington Township | $212.2K | $264.9K | +24.8% |
| Lexington | $237.7K | $260K | +9.4% |
Housing Supply in Worth Township, MI
How many homes are available in Worth Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Worth Township real estate market had 33 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 17 | 14 | -17.6% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The Worth 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 increased by 30%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Worth Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Worth Township in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Worth Township, MI
How long does it take to sell a home in Worth Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 88 Days | +19.5% |
Summary: Homes in Worth Township had an average of 88 days on market in Nov 2024, up by 19.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Worth Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Worth Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.