Is Howard Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Howard Township has remained a Seller's Market.
Housing Prices in Howard Township, MI
How much do homes in Howard Township, MI cost?
Median Sold Price
$215,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Howard Township was $215,000 in May 2024, up 1.1% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $65K | +85.7% |
2 Bedrooms | $141.6K | $134.2K | -5.2% |
3 Bedrooms | $210K | $219.5K | +4.5% |
4 Bedrooms | $350K | $272.5K | -22.1% |
5+ Bedrooms | $305K | $685K | +124.6% |
Summary: Howard Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 85.7%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 22.1%, and 5+ bedroom homes increased by 124.6%.
Median Sold Price Compared To Nearby Cities
Niles | $165.9K | $189K | +13.9% |
Howard Township | $212.7K | $215K | +1.1% |
Jefferson Township | $286K | $270.7K | -5.3% |
Pokagon Township | $213K | $189K | -11.3% |
Milton Township | $460K | $390K | -15.2% |
Housing Supply in Howard Township, MI
How many homes are available in Howard Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 20 | +25.0% |
Summary: The Howard Township real estate market had 20 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 12 | +50.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Howard Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Howard Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Howard Township, MI
How long does it take to sell a home in Howard Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 59 Days | +130.3% |
Summary: Homes in Howard Township had an average of 59 days on market in May 2024, up by 130.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Howard Township; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.