Is Worth Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Worth Township has remained a Buyer's Market.
Key Takeaway
Worth Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Worth Township, MI
How much do homes in Worth Township, MI cost?
Median Sold Price
$244,250
$168/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Worth Township have sold for 0.7% more than they did a month ago.
Summary: The median home sold price in Worth Township was $244,250 in May 2024, up 0.7% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.2K | - | N/A |
| 3 Bedrooms | $242.5K | $238.5K | -1.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $250K | N/A |
Summary: Worth Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Worth Township | $242.5K | $244.2K | +0.7% |
| Lexington Township | $335K | $209.9K | -37.3% |
| Lexington | $390K | $229.9K | -41.0% |
Housing Supply in Worth Township, MI
How many homes are available in Worth Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The Worth Township real estate market had 45 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Worth 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 45.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Worth Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Worth Township in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Worth Township, MI
How long does it take to sell a home in Worth Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 55 Days | -14.4% |
Summary: Homes in Worth Township had an average of 55 days on market in May 2024, down by 14.4% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Worth Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Worth Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.