Is Webster Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Webster Township was a Seller's Market.
Housing Prices in Webster Township, MI
How much do homes in Webster Township, MI cost?
Median Sold Price
$542,500
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Webster Township was $542,500 in April 2024, up 0.9% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $337.5K | $456.2K | +35.2% |
3 Bedrooms | $485K | $449.5K | -7.3% |
4 Bedrooms | $565K | $574.9K | +1.8% |
5+ Bedrooms | $737.5K | $747.4K | +1.3% |
Summary: Webster Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.2%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
Dexter | $450K | $501.6K | +11.5% |
Scio Township | $498.4K | $535K | +7.3% |
Whitmore Lake | $357.2K | $380K | +6.4% |
Hamburg Township | $385K | $406K | +5.5% |
Webster Township | $537.5K | $542.5K | +0.9% |
Housing Supply in Webster Township, MI
How many homes are available in Webster Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 31 | +14.8% |
Summary: The Webster Township real estate market had 31 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Webster Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Webster Township in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Webster Township, MI
How long does it take to sell a home in Webster Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 41 Days | +216.3% |
Summary: Homes in Webster Township had an average of 41 days on market in Apr 2024, up by 216.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Webster Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.