Is Scio 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, Scio Township has remained a Seller's Market.
Housing Prices in Scio Township, MI
How much do homes in Scio Township, MI cost?
Median Sold Price
$535,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Scio Township was $535,000 in April 2024, up 7.3% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345.5K | $337.8K | -2.2% |
2 Bedrooms | $310K | $312.9K | +0.9% |
3 Bedrooms | $450K | $466K | +3.6% |
4 Bedrooms | $632.5K | $605K | -4.3% |
5+ Bedrooms | $855K | $760K | -11.1% |
Summary: Scio Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
Dexter | $450K | $501.6K | +11.5% |
Ann Arbor | $453.9K | $489.7K | +7.9% |
Scio Township | $498.4K | $535K | +7.3% |
Ann Arbor Charter Township | $459K | $490K | +6.7% |
Webster Township | $537.5K | $542.5K | +0.9% |
Housing Supply in Scio Township, MI
How many homes are available in Scio Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 85 | +44.1% |
Summary: The Scio Township real estate market had 85 homes for sale in April 2024, a 44.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 15 | 30 | +100.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Scio 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 increased by 24%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 21 | +162.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Scio Township in April 2024, up by 162.5% month-over-month. Of the 21 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Scio Township, MI
How long does it take to sell a home in Scio Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 37 Days | +17.0% |
Summary: Homes in Scio Township had an average of 37 days on market in Apr 2024, up by 17% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Scio Township; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.