Is Williamsburg, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Williamsburg was a Neutral Market.
Key Takeaway
Williamsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Williamsburg, MI
How much do homes in Williamsburg, MI cost?
Median Sold Price
$560,000
$302/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Williamsburg have sold for 50.7% more than they did a month ago.
Summary: The median home sold price in Williamsburg was $560,000 in April 2024, up 50.7% from last month, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $371.5K | $319.5K | -14.0% |
| 3 Bedrooms | $280K | $560K | +100.0% |
| 4 Bedrooms | $400K | $1.7M | +325.0% |
| 5+ Bedrooms | - | $680K | N/A |
Summary: Williamsburg housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 325%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rapid City | $306K | $853.7K | +179.0% |
| Clearwater Township | $301.5K | $493.7K | +63.8% |
| Williamsburg | $371.5K | $560K | +50.7% |
| Acme Township | $378K | $519.5K | +37.4% |
Housing Supply in Williamsburg, MI
How many homes are available in Williamsburg, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 31 | +10.7% |
Summary: The Williamsburg real estate market had 31 homes for sale in April 2024, a 10.7% 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 | 5 | 3 | -40.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Williamsburg 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 decreased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Williamsburg, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Williamsburg in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Williamsburg, MI
How long does it take to sell a home in Williamsburg, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 67 Days | +21.7% |
Summary: Homes in Williamsburg had an average of 67 days on market in Apr 2024, up by 21.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Williamsburg has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Williamsburg; 11% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved