Washington Township, Macomb County, Michigan
August 2026 Washington Township Market Report
Washington Township homes sold for a median of $640,000 in August, up 4.1%, and the year-to-date median of $691,000 is up 14.3%, the largest gain of the six Macomb County communities I track. Closed sales nearly doubled to 35 and pending sales rose 57.1% to 33, while inventory dipped to 70 homes. At 3.5 months of supply it’s still a seller’s market, but homes take a median of 54 days to sell. Here’s what happened and what it means for you.
Residential median price
$640,000
+4.1% vs Aug 2025
Condo median price
$390,000
+4.7% vs Aug 2025
Residential months supply
3.5
−10.3% vs Aug 2025
Residential homes for sale
70
−2.8% vs Aug 2025
The month in brief
The county’s highest prices, and rising
Washington Township had a busy August. 35 homes closed, up from 18, and buyers signed 33 contracts, up from 21. Sellers listed 40 homes, up 25%, but inventory still slipped 2.8% to 70.
Prices are rising. The median rose 4.1% to $640,000 and the average rose 5.8% to $714,879. Year to date, the median is $691,000, up 14.3%, and the average is $698,366, up 7.9%.
Homes here take time. The median home sold in 54 days, almost twice the county’s 29, and sellers received 98.9% of list price. That’s normal for a market where many sales are higher-priced and newly built.
The condo market is small. Seven condos closed in August at a median of $390,000, and the year-to-date condo median is $400,000, up 13.1%. Condo inventory rose from 9 to 16 units.
Read this first. Washington Township closed 35 homes and 7 condos in August. One or two large sales can move these medians. The 14.3% year-to-date gain can reflect a shift toward larger and newer homes in what sold, not only appreciation.
Township versus county
How Washington Township compares with Macomb County
Washington Township’s residential median is 113% above the countywide median, and homes sell slower than the county as a whole. August 2026 residential figures unless noted.
| Metric | Washington Township | Macomb County |
|---|---|---|
| Median sale price, August | $640,000 | $300,000 |
| Median sale price, year to date | $691,000 | $295,000 |
| Pending sales vs August 2025 | +57.1% | +5.1% |
| Days on market | 54 | 29 |
| % of list price received | 98.9% | 99.3% |
| Months supply | 3.5 | 2.8 |
| Inventory vs August 2025 | −2.8% | +18.8% |
| Condo median, August | $390,000 | $225,000 |
See the full Macomb County market report for all six townships side by side.
The numbers, visually
Where Washington Township moved
August 2025 compared with August 2026, residential and condo.
Median sales price
August
Days on market
Median days until sale, August
Months supply of inventory
August; shaded band = balanced market
Charts plotted from Realcomp figures for Washington Twp. Under about four months of supply generally favors sellers; four to six months is considered balanced; above six generally favors buyers.
Segment detail
Residential: demand up, supply flat
At 3.5 months of supply, down from 3.9, Washington Township is a seller’s market with the most breathing room of the six communities I track. Year to date, closings are up 11.1% and pending sales are up 16.0%.
Sellers received 99.5% of list price year to date, up from 98.9% in 2025, so buyers are paying closer to asking than they were a year ago.
| Key metric | Aug 2026 | vs Aug 2025 | YTD 2026 | vs YTD 2025 |
|---|---|---|---|---|
| New listings | 40 | +25.0% | 278 | +11.6% |
| Pending sales | 33 | +57.1% | 174 | +16.0% |
| Closed sales | 35 | +94.4% | 160 | +11.1% |
| Days on market until sale | 54 | +1.9% | 50 | +11.1% |
| Median sales price | $640,000 | +4.1% | $691,000 | +14.3% |
| Average sales price | $714,879 | +5.8% | $698,366 | +7.9% |
| % of list price received | 98.9% | −0.2 pts | 99.5% | +0.6 pts |
| Inventory of homes for sale | 70 | −2.8% | — | — |
| Months supply of inventory | 3.5 | −10.3% | — | — |
Median and average prices do not account for sale concessions or down-payment assistance. Inventory and months supply are point-in-time measures and are not reported year to date.
Segment detail
Condos: a small market with rising prices
Washington Township condos sold for a median of $390,000 in August, up 4.7%, and year to date the condo median is $400,000, up 13.1%. Condo closings are down 21.4% for the year, to 44.
With only 16 condos for sale, supply is tight but rising, and months of supply reached 2.7, up from 1.3. Condo sellers received 97.1% of list price in August.
| Key metric | Aug 2026 | vs Aug 2025 | YTD 2026 | vs YTD 2025 |
|---|---|---|---|---|
| New listings | 11 | 0.0% | 71 | −2.7% |
| Pending sales | 10 | 0.0% | 49 | −14.0% |
| Closed sales | 7 | −12.5% | 44 | −21.4% |
| Days on market until sale | 22 | −52.2% | 29 | −3.3% |
| Median sales price | $390,000 | +4.7% | $400,000 | +13.1% |
| Average sales price | $409,000 | +12.2% | $393,199 | +12.7% |
| % of list price received | 97.1% | −0.2 pts | 98.6% | +0.1 pts |
| Inventory of homes for sale | 16 | +77.8% | — | — |
| Months supply of inventory | 2.7 | +107.7% | — | — |
Financing and affordability
What the money cost in August, and what changed since
30-year fixed, Aug 27
6.66%
Freddie Mac survey. Was 6.56% a year ago.
15-year fixed, Aug 27
5.98%
Up from 5.69% a year ago.
30-year fixed, Oct 1
7.28%
Rates crossed 7% in late September, the first time since January 2025.
Payment at Washington Township median
$3,290
Principal and interest on $640,000 with 20% down at 6.66%.
In August, rates weren’t the story. The 30-year fixed stayed in the mid-6s all month, only about a tenth of a point above a year earlier, so August’s Washington Township numbers reflect supply and demand, not a rate shock.
September changed that. The 30-year fixed reached 7.28% on October 1. On a $640,000 home with 20% down, that’s about $213 a month more in principal and interest than at the end of August. Contracts signed from mid-September on are carrying that higher cost, which is why the next two reports matter.
| Purchase price | Loan | At 6.66% (Aug 27) | At 6.56% (a year ago) | At 7.28% (Oct 1) |
|---|---|---|---|---|
| $300,000Macomb County residential median | $240,000 | $1,542 | $1,526 | $1,642 |
| $390,000Washington Township condo median | $312,000 | $2,005 | $1,984 | $2,135 |
| $640,000Washington Township residential median | $512,000 | $3,290 | $3,256 | $3,503 |
| $691,000Washington Township year-to-date median | $552,800 | $3,552 | $3,516 | $3,782 |
| $700,000Luxury new-construction entry point | $560,000 | $3,599 | $3,562 | $3,832 |
A Michigan budgeting tip. Don’t estimate your property taxes from the seller’s tax bill. Michigan caps how fast a home’s taxable value can rise while one owner holds it, then lets it reset after a sale. Ask your lender to estimate taxes on the purchase price instead.
Principal and interest only. Excludes property taxes, insurance, HOA dues and mortgage insurance. Illustrative only, not a rate quote or a commitment to lend. The 2026 conforming loan limit for Macomb County is $832,750.
The bigger picture
Washington Township versus the nation
Nationally, existing-home sales fell to a seasonally adjusted annual rate of 3.98 million in August, down 1.2% from a year earlier, according to the National Association of REALTORS®. U.S. inventory reached a 4.9-month supply, the highest in more than ten years, and the national median rose 1.6% to $429,100. The Midwest median rose 3.3% to $340,400.
Washington Township, at 3.5 months of residential supply, is tighter than the nation, and Macomb County as a whole sits at 2.8 months.
What it means
My honest take, depending on your side of the deal
If you are selling
- Demand is up sharply. Pending sales rose 57.1% and closings nearly doubled in August.
- Supply isn’t growing. Inventory fell to 70 homes even as new listings rose 25%.
- Plan for about 54 days. That’s the median here. Build it into your timeline, especially if you’re buying next.
- You’re competing with builders. Many buyers here are also touring new construction. Know what nearby builders are offering before you set your price.
- Higher rates hit bigger payments harder. On a $640,000 home with 20% down, September’s rate increase added about $213 a month.
If you are buying
- Prices are rising. The year-to-date median is up 14.3%. Waiting hasn’t made homes cheaper here this year.
- You have time to decide. At 54 days on market and 3.5 months of supply, there’s room to compare and negotiate.
- Compare builder incentives carefully. Ask for a rate buydown and a price reduction in writing. Not all builders are the same.
- Most purchases stay conforming. At the $691,000 year-to-date median, a 20% down payment leaves a loan of about $552,800, well under the $832,750 conforming limit.
- Condo buyers have a small pool. Only 16 condos were for sale at the end of August.
Worth watching: whether the jump in contracts survives September’s move above 7%. At this price point, a 0.6-point rate increase adds more than $200 a month.
Reading the numbers
Common questions about the Washington Township market
Are Washington Township home prices going up?
Yes. The residential median was $640,000 in August 2026, up 4.1%, and the year-to-date median of $691,000 is up 14.3%, the largest gain among the six Macomb County communities in this series. The year-to-date average sale price is up 7.9% to $698,366.
Is Washington Township a buyer’s market or a seller’s market?
It’s still a seller’s market. Residential months of supply was 3.5 in August 2026, compared with 3.9 a year earlier; a balanced market is generally four to six months. Sellers received 98.9% of list price, and homes sold in a median of 54 days.
How does Washington Township compare with the rest of Macomb County?
In August 2026, the Washington Township residential median was $640,000, compared with $300,000 countywide. Homes sold in a median of 54 days, against 29 for the county, with 3.5 months of supply, against 2.8. Pending sales changed +57.1% from a year earlier, against +5.1% countywide.
Why do Washington Township homes take longer to sell?
Homes in Washington Township sold in a median of 54 days in August 2026, compared with 29 days countywide. Prices are about twice the county median, so the pool of buyers is smaller, and many buyers here are also comparing new construction. At 3.5 months of supply, it’s still a seller’s market.
How much have mortgage rates changed, and what does it do to my payment?
The 30-year fixed averaged 6.66% on August 27, 2026, close to the 6.56% of a year earlier, then climbed to 7.28% by October 1. On a $640,000 home with 20% down, principal and interest is about $3,290 a month at 6.66% and about $3,503 at 7.28%, a difference of roughly $213.
Will my property taxes be the same as the seller’s?
Usually not. Michigan limits how much a home’s taxable value can rise while one owner holds it, then lets it reset after a sale. A buyer’s taxes are often noticeably higher than the seller’s, especially on homes owned for many years. Budget from an estimate based on your purchase price, not the seller’s current bill.
Does the Washington Township median tell me what my home is worth?
No. The median blends very different homes, sizes, ages and conditions, and a change in the mix of what sold can move it without any single home changing value. Use these figures for direction, then get a comparative market analysis of your specific home to know what it’s worth.
What does this mean for your address?
Township numbers set the context. Your street, your lot, your square footage and your finishes set the strategy. Let’s talk through where your home, or your search, actually sits in this market.
Sources and disclosures. Market data from the Realcomp II Ltd. Local Market Update reports for August 2026 for Washington Twp and Macomb County, compiled by ShowingTime Plus, LLC, current as of September 8, 2026. Figures are shown separately for residential and condo properties as Realcomp reports them. Percent changes are calculated by Realcomp using rounded figures; changes in percent of list price received are shown in percentage points. Median and average sales prices do not account for sale concessions or down-payment assistance. National and Midwest figures are from the National Association of REALTORS® Existing-Home Sales report for August 2026, released September 10, 2026. Mortgage rate figures are from the Freddie Mac Primary Mortgage Market Survey for August 27, 2026 and October 1, 2026, and represent national averages; they are not a quote, an offer or a commitment to lend. The loan limit reflects the 2026 FHFA baseline conforming limit for a one-unit property. Payment illustrations cover principal and interest only. Property tax information is general and is not tax advice. Township statistics may differ materially from conditions in any individual neighborhood, price range or property type. This report is provided for general information and is not financial, tax, legal or investment advice, nor is it intended to solicit the listing of properties currently listed with another broker. Giovanna Special, Michigan License #6501324253, Real Broker, LLC, (586) 709-5910, giovanna@soldbygspecial.com. Equal Housing Opportunity.