Is Warren Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Warren Township has remained a Seller's Market.
Housing Prices in Warren Township, MI
How much do homes in Warren Township, MI cost?
Median Sold Price
$183,671
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Warren Township was $183,671 in April 2024, up 8.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.7K | $92K | +39.9% |
2 Bedrooms | $108K | $112K | +3.7% |
3 Bedrooms | $181.6K | $210.2K | +15.7% |
4 Bedrooms | $235K | $239K | +1.7% |
5+ Bedrooms | $290K | $242K | -16.6% |
Summary: Warren Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.9%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 16.6%.
Median Sold Price Compared To Nearby Cities
Warren Township | $169.7K | $183.6K | +8.2% |
Beaverton Township | $210K | $152K | -27.6% |
Housing Supply in Warren Township, MI
How many homes are available in Warren Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
297 | 380 | +27.9% |
Summary: The Warren Township real estate market had 380 homes for sale in April 2024, a 27.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 65 | 84 | +29.2% |
3 Bedrooms | 183 | 233 | +27.3% |
4 Bedrooms | 39 | 48 | +23.1% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Warren Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 29.2%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 110 | +6.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Warren Township in April 2024, up by 6.8% month-over-month. Of the 110 sold homes, 38% were sold under asking, 12% were sold at asking, and 50% were sold over asking.
Days on Market for Warren Township, MI
How long does it take to sell a home in Warren Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 24 Days | -55.0% |
Summary: Homes in Warren Township had an average of 24 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Warren Township; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.