$489,900
78.34 Acres
Land
Scott A Coe, Listing Office: Legendary Properties Team
Is Wright 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, Wright Township has remained a Seller's Market.
Key Takeaway
Wright Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wright Township, MI
How much do homes in Wright Township, MI cost?
Median Sold Price
$260,000
$100/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$95,050(+57.6%)
Key Takeaway
Homes in Wright Township have sold for 57.6% more than they did a month ago.
Summary: The median home sold price in Wright Township was $260,000 in October 2024, up 57.6% from last month, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $250K | - | N/A |
| 4 Bedrooms | $79.9K | $250K | +212.9% |
| 5+ Bedrooms | - | $260K | N/A |
Summary: Wright 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 did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 212.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Waldron | $79.9K | $300K | +275.5% |
| Pittsford Township | $155.1K | $260K | +67.6% |
| Wright Township | $164.9K | $260K | +57.6% |
Housing Supply in Wright Township, MI
How many homes are available in Wright Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Wright Township real estate market had 9 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Wright 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Wright Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Wright Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Wright Township, MI
How long does it take to sell a home in Wright Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 Days | 181 Days | +66.7% |
Summary: Homes in Wright Township had an average of 181 days on market in Oct 2024, up by 66.7% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Wright Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Wright Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
