Is Watervliet, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Watervliet was a Seller's Market.
Key Takeaway
Watervliet is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Watervliet, MI
How much do homes in Watervliet, MI cost?
Median Sold Price
$228,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Watervliet have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Watervliet was $228,000 in May 2024, up 13.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154K | $94.5K | -38.6% |
| 2 Bedrooms | $159K | $175.6K | +10.4% |
| 3 Bedrooms | $205K | $211K | +2.9% |
| 4 Bedrooms | $330K | $285K | -13.6% |
| 5+ Bedrooms | $262.5K | $904.5K | +244.6% |
Summary: Watervliet housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.6%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 244.6%.
Median Sold Price Compared To Nearby Cities
| Watervliet | $200.5K | $228K | +13.7% |
| Watervliet Township | $205K | $228K | +11.2% |
Housing Supply in Watervliet, MI
How many homes are available in Watervliet, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Watervliet real estate market had 36 homes for sale in May 2024, a 9.1% 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 | 11 | 13 | +18.2% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Watervliet 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 increased by 18.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Watervliet, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Watervliet in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Watervliet, MI
How long does it take to sell a home in Watervliet, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 25 Days | -44.8% |
Summary: Homes in Watervliet had an average of 25 days on market in May 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Watervliet are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Watervliet; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
