Is Metamora 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, Metamora Township was a Seller's Market.
Housing Prices in Metamora Township, MI
How much do homes in Metamora Township, MI cost?
Median Sold Price
$367,500
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Metamora Township was $367,500 in April 2024, down 5.7% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $211K | $121K | -42.7% |
3 Bedrooms | $372.5K | $340K | -8.7% |
4 Bedrooms | $402.1K | $442.5K | +10.0% |
5+ Bedrooms | $582.5K | $680K | +16.7% |
Summary: Metamora 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 decreased by 42.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Cities
Lapeer Township | $229.9K | $251.6K | +9.4% |
Hadley Township | $375K | $403.2K | +7.5% |
Metamora | $380K | $362.5K | -4.6% |
Metamora Township | $389.9K | $367.5K | -5.7% |
Housing Supply in Metamora Township, MI
How many homes are available in Metamora Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 39 | +8.3% |
Summary: The Metamora Township real estate market had 39 homes for sale in April 2024, a 8.3% 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 | 3 | +200.0% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Metamora 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 increased by 200%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Metamora Township in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Metamora Township, MI
How long does it take to sell a home in Metamora Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
75 Days | 68 Days | -8.4% |
Summary: Homes in Metamora Township had an average of 68 days on market in Apr 2024, down by 8.4% compared to last year.
Breakdown of Home Sale Times
4 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, 6 homes were sold in Metamora Township; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.