Metamora Township Housing Market Report February 2025Lapeer County, Michigan

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Housing Prices in Metamora Township, MI

How much do homes in Metamora Township, MI cost?

Housing Market Conditions

Is Metamora Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Metamora Township is a Seller's Market

Difference Since February 2024

Since last year, Metamora Township has remained a Seller's Market.

Insight

Metamora Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$439,950$166/SqFt
+$79,950
+22.2%

Based on all homes sold in the last 12 months

Insight

Homes in Metamora Township have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Metamora Township was $439,950 in February 2025, up 22.2% from last year, and the median price per square foot was $166.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Metamora Township
+22.2%
Metamora
+19.4%
Lapeer Township
+8.1%
Hadley Township
+7.3%
Dryden Township
+3.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$150K$280K
+86.7%
2$175K$173.5K
-0.9%
3$348K$365K
+4.9%
4$412.5K$542.5K
+31.5%
5$680K$727.4K
+7.0%

Summary: Metamora Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +86.7%. The home price for 2 bedroom homes decreased by -0.9%. The home price for 3 bedroom homes increased by +4.9%. The home price for 4 bedroom homes increased by +31.5%. The home price for 5 bedroom homes increased by +7.0%.

Housing supply in Metamora Township, MI

How many homes are available in Metamora Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
31Last MonthFeb 2025
292 months agoJan 2025
+6.9 %
Change MoMJan – Feb

Summary: The Metamora Township real estate market had 31 homes for sale in Feb 2025, a 6.9 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthFeb 2025
32 months agoJan 2025
+200.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
31517
+13.3%
41211
-8.3%
512
+100.0%

Summary: Metamora Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +13.3%. The inventory for 4 bedroom homes decreased by -8.3%. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Metamora Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price9 Homes

Insight

If you're buying a home in Metamora Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Metamora Township in February 2025, up by 200.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Metamora Township, MI

How long does it take to sell a home in Metamora Township, MI?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days3 Homes

Over 90 Days2 Homes

Insight

Many homes in Metamora Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 9 homes were sold in Metamora Township; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
55 DaysThis YearFeb 2025
149 Days1 year agoFeb 2024
-63.1 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Metamora Township had an average listing age of 55 days in Feb 2025, down by 63.1% compared to the previous year.

Newest Listings in Metamora Township, MI

What homes are available in Metamora Township, MI?

MLS Disclaimers and Copyright

Based on information from RealComp II Ltd., and MiRealSource Inc. DL for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/12/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.