$10,000 Closing Credit*
$1,975,000
5,346 SqFt
6 Beds
•4 Full Baths, 1 Partial
Ashley Schaefer, Listing Office: Hello Homes GR
Is Ada Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$650,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+14.0%)
Key Takeaway
Homes in Ada Township have sold for 14% more than they did a year ago.
Summary: The median home sold price in Ada Township was $650,000 in November 2024, up 14% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $384K | $390K | +1.6% |
| 3 Bedrooms | $490K | $502.5K | +2.6% |
| 4 Bedrooms | $562.5K | $687.5K | +22.2% |
| 5+ Bedrooms | $676K | $823.5K | +21.8% |
Summary: Ada Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Vergennes Township | $447.5K | $542.5K | +21.2% |
| Ada | $576.7K | $675K | +17.0% |
| Ada Township | $570K | $650K | +14.0% |
| Cascade Charter Township | $531.2K | $573.3K | +7.9% |
| Grand Rapids Charter Township | $289K | $310K | +7.3% |
Housing Supply in Ada Township, MI
How many homes are available in Ada Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 67 | -13.0% |
Summary: The Ada Township real estate market had 67 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 31 | 25 | -19.4% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The Ada Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 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. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Ada Township in November 2024, up by 13.3% month-over-month. Of the 17 sold homes, 59% were sold under asking, 29% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 32 Days | +52.0% |
Summary: Homes in Ada Township had an average of 32 days on market in Nov 2024, up by 52% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ada Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 17 homes were sold in Ada Township; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
