$4,489 Closing Credit*
$378,000
1,398 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robert A Antonini, Listing Office: Coldwell Banker AJS (SE)
Is Ada Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ada Township has remained a Seller's Market.
Key Takeaway
Ada Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ada Township, MI
How much do homes in Ada Township, MI cost?
Median Sold Price
$647,433
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,433(+12.6%)
Key Takeaway
Homes in Ada Township have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Ada Township was $647,433 in October 2024, up 12.6% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $408K | $325K | -20.3% |
| 3 Bedrooms | $490K | $475.6K | -2.9% |
| 4 Bedrooms | $561.2K | $687.5K | +22.5% |
| 5+ Bedrooms | $676K | $822.5K | +21.7% |
Summary: Ada Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes increased by 21.7%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $441K | $525K | +19.0% |
| Ada Township | $575K | $647.4K | +12.6% |
| Ada | $587.2K | $650K | +10.7% |
| Grand Rapids Charter Township | $285K | $309.9K | +8.8% |
| Cascade Charter Township | $548K | $552.5K | +0.8% |
Housing Supply in Ada Township, MI
How many homes are available in Ada Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 78 | +14.7% |
Summary: The Ada Township real estate market had 78 homes for sale in October 2024, a 14.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 6 | +200.0% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 13 | 18 | +38.5% |
Summary: The Ada Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 38.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Ada Township in October 2024, down by 16.7% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Ada Township, MI
How long does it take to sell a home in Ada Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 20 Days | -27.5% |
Summary: Homes in Ada Township had an average of 20 days on market in Oct 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ada Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 15 homes were sold in Ada Township; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.