$5,807 Closing Credit*
$489,000
2,352 SqFt
4 Beds
•2 Full Baths
Steve Parafin, Listing Office: Real Estate One - Charlevoix
Housing Prices in Banks Township, MI
How much do homes in Banks Township, MI cost?
Median List Price
$285,500
$233/sqft
Based on all homes listed in the last 12 months.
Difference Since October 2023
-$69,500(-19.6%)
Key Takeaway
The list price of homes in Banks Township has decreased by 19.6% since last year.
Summary: The median home list price in Banks Township was $285,500 in October 2024, down 19.6% from the previous year, and the median price per square foot was $233.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $285K | $284.5K | -0.2% |
| 3 Bedrooms | $355K | $289K | -18.6% |
| 4 Bedrooms | $453K | $282K | -37.7% |
| 5+ Bedrooms | $824.9K | - | N/A |
Summary: Banks 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 0.2%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 37.7%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Marion Township | $189.4K | $254.9K | +34.6% |
| Central Lake Township | $214K | $256.2K | +19.7% |
| Ellsworth | $290K | $289.5K | -0.2% |
| Banks Township | $355K | $285.5K | -19.6% |
Housing Supply in Banks Township, MI
How many homes are available in Banks Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The Banks Township real estate market had 7 homes for sale in October 2024, a 36.4% decrease 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 | 0 | -100.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Banks 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 decreased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Banks Township, MI
How long does it take to sell a home in Banks Township, MI?
Average Listing Age
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 229 Days | 192 Days | -16.2% |
Summary: Homes in Banks Township had an average listing age of 192 days in Oct 2024, down by 16.2% compared to the previous year.
