Is Metamora 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, Metamora Township has remained a Seller's Market.
Housing Prices in Metamora Township, MI
How much do homes in Metamora Township, MI cost?
Median Sold Price
$365,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Metamora Township was $365,000 in May 2024, down 8.1% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $211K | $175K | -17.1% |
3 Bedrooms | $375K | $345K | -8.0% |
4 Bedrooms | $425K | $456K | +7.3% |
5+ Bedrooms | $595K | $674.9K | +13.4% |
Summary: Metamora Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
Lapeer Township | $231.5K | $255K | +10.2% |
Hadley Township | $377K | $385K | +2.1% |
Metamora Township | $397K | $365K | -8.1% |
Metamora | $397K | $362.5K | -8.7% |
Housing Supply in Metamora Township, MI
How many homes are available in Metamora Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 44 | +12.8% |
Summary: The Metamora Township real estate market had 44 homes for sale in May 2024, a 12.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 22 | 20 | -9.1% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Metamora Township housing inventory by bedroom type for May 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 decreased by 9.1%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Metamora Township in May 2024, up by 100.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.
Days on Market for Metamora Township, MI
How long does it take to sell a home in Metamora Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 22 Days | -5.3% |
Summary: Homes in Metamora Township had an average of 22 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Metamora Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.