$1,870 Closing Credit*
$157,500
1,968 SqFt
2 Beds
•1 Full Bath
Mo Bringard, Listing Office: NextHome Park Place
Is Billings Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Billings Township was a Neutral Market.
Key Takeaway
Billings Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Billings Township, MI
How much do homes in Billings Township, MI cost?
Median Sold Price
$153,500
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,550(+8.9%)
Key Takeaway
Homes in Billings Township have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Billings Township was $153,500 in October 2024, up 8.9% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.7K | $79K | +13.3% |
| 2 Bedrooms | $96.5K | $129K | +33.7% |
| 3 Bedrooms | $201.5K | $195K | -3.2% |
| 4 Bedrooms | $402.5K | $320K | -20.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Billings Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 33.7%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tobacco Township | $170K | $227.5K | +33.8% |
| Hay Township | $140K | $171.5K | +22.5% |
| Billings Township | $140.9K | $153.5K | +8.9% |
Housing Supply in Billings Township, MI
How many homes are available in Billings Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 32 | +23.1% |
Summary: The Billings Township real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Billings 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Billings Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Billings Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Billings Township, MI
How long does it take to sell a home in Billings Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 86 Days | 39 Days | -54.9% |
Summary: Homes in Billings Township had an average of 39 days on market in Oct 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Billings Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Billings Township; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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