Is Weesaw 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, Weesaw Township has remained a Seller's Market.
Key Takeaway
Weesaw Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weesaw Township, MI
How much do homes in Weesaw Township, MI cost?
Median Sold Price
$302,450
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weesaw Township have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Weesaw Township was $302,450 in May 2024, up 1.7% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $157.5K | $328K | +108.3% |
| 3 Bedrooms | $370K | $302.4K | -18.3% |
| 4 Bedrooms | $360K | $482.5K | +34.0% |
| 5+ Bedrooms | $205K | $239K | +16.6% |
Summary: Weesaw 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 108.3%, 3 bedroom homes decreased by 18.3%, 4 bedroom homes increased by 34%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
| Buchanan Township | $193.9K | $227K | +17.0% |
| Sawyer | $425K | $462.7K | +8.9% |
| Weesaw Township | $297.5K | $302.4K | +1.7% |
Housing Supply in Weesaw Township, MI
How many homes are available in Weesaw Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Summary: The Weesaw Township real estate market had 7 homes for sale in May 2024, a 75.0% 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 | 1 | +100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Weesaw 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 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weesaw Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Weesaw Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Weesaw Township, MI
How long does it take to sell a home in Weesaw Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 96 Days | 132 Days | +37.5% |
Summary: Homes in Weesaw Township had an average of 132 days on market in May 2024, up by 37.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Weesaw Township has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Weesaw Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
