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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Creek Township is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Big Creek Township has remained a Buyer's Market.

Key Takeaway

Big Creek Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Big Creek Township, MI

How much do homes in Big Creek Township, MI cost?

Median Sold Price

$104,950

$94/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in Big Creek Township has remained the same since last year.

Summary: The median home sold price in Big Creek Township was $104,950 in October 2024, the same as last year, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $48K$44.2K
-7.8%
2 $69.9K$90K
+28.8%
3 $157.4K$159.5K
+1.3%
4 $170K$318.5K
+87.4%
5+ -$844.9K
N/A

Summary: Big Creek Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 87.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mentor Township
+27.7%
Mio
+9.5%
Big Creek Township
0.0%

Housing Supply in Big Creek Township, MI

How many homes are available in Big Creek Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The Big Creek Township real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 89
+12.5%
3 77
0.0%
4 45
+25.0%
5+ 10
-100.0%

Summary: The Big Creek 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 12.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Creek 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 3 homes were sold or pending in Big Creek Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Big Creek Township, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Big Creek Township, MI

Nearby Markets to Big Creek Township, MI

What housing markets are near Big Creek Township, MI?