$2,256 Closing Credit*
$190,000
Kimberly Larkins, Listing Office: REO-TCFront-233021
Is Coldsprings 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, Coldsprings Township was a Seller's Market.
Key Takeaway
Coldsprings Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Coldsprings Township, MI
How much do homes in Coldsprings Township, MI cost?
Median Sold Price
$247,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,900(+13.3%)
Key Takeaway
Homes in Coldsprings Township have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Coldsprings Township was $247,000 in October 2024, up 13.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $171K | N/A |
| 2 Bedrooms | $154.9K | $240K | +54.9% |
| 3 Bedrooms | $192.5K | $247K | +28.3% |
| 4 Bedrooms | $567K | $347.5K | -38.7% |
| 5+ Bedrooms | $465K | - | N/A |
Summary: Coldsprings 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 increased by 54.9%, 3 bedroom homes increased by 28.3%, 4 bedroom homes decreased by 38.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Coldsprings Township | $218.1K | $247K | +13.3% |
| Mancelona Township | $187.5K | $209.2K | +11.6% |
| Rapid River Township | $233K | $215K | -7.7% |
Housing Supply in Coldsprings Township, MI
How many homes are available in Coldsprings Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Coldsprings Township real estate market had 12 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 1 | -66.7% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Coldsprings Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coldsprings Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Coldsprings Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Coldsprings Township, MI
How long does it take to sell a home in Coldsprings Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 72 Days | 34 Days | -52.8% |
Summary: Homes in Coldsprings Township had an average of 34 days on market in Oct 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coldsprings Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Coldsprings Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved