Is Waverly 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, Waverly Township has remained a Buyer's Market.
Housing Prices in Waverly Township, MI
How much do homes in Waverly Township, MI cost?
Median Sold Price
$223,750
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Waverly Township was $223,750 in May 2024, down 3.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $51.2K | $200K | +290.2% |
3 Bedrooms | $223.9K | $207K | -7.5% |
4 Bedrooms | $310K | $298.5K | -3.7% |
5+ Bedrooms | $282.5K | - | N/A |
Summary: Waverly 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 increased by 290.2%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bloomingdale Township | $155K | $235K | +51.6% |
Paw Paw Township | $229K | $245K | +7.0% |
Almena Township | $350K | $342.4K | -2.2% |
Waverly Township | $231.9K | $223.7K | -3.5% |
Housing Supply in Waverly Township, MI
How many homes are available in Waverly Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 8 | +100.0% |
Summary: The Waverly Township real estate market had 8 homes for sale in May 2024, a 100.0% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 2 | 3 | +50.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Waverly 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 100%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Waverly Township in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waverly Township, MI
How long does it take to sell a home in Waverly Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 32 Days | +1500.0% |
Summary: Homes in Waverly Township had an average of 32 days on market in May 2024, up by 1500% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Waverly Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.