$2,066 Closing Credit*
$174,000
1,250 SqFt
2 Beds
•1 Full Bath
Gary Lee King, Listing Office: LPT Realty LLC
Is Eaton Rapids, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Eaton Rapids was a Seller's Market.
Key Takeaway
Eaton Rapids is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eaton Rapids, MI
How much do homes in Eaton Rapids, MI cost?
Median Sold Price
$233,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$28,000(+13.7%)
Key Takeaway
Homes in Eaton Rapids have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Eaton Rapids was $233,000 in November 2024, up 13.7% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $55K | -56.0% |
| 2 Bedrooms | $169.9K | $163K | -4.1% |
| 3 Bedrooms | $200K | $228.5K | +14.2% |
| 4 Bedrooms | $254.4K | $287K | +12.8% |
| 5+ Bedrooms | $369.5K | $171.7K | -53.5% |
Summary: Eaton Rapids housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes decreased by 53.5%.
Median Sold Price Compared To Nearby Cities
| Eaton Rapids | $205K | $233K | +13.7% |
| Eaton Rapids Township | $205K | $233K | +13.7% |
Housing Supply in Eaton Rapids, MI
How many homes are available in Eaton Rapids, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 62 | +1.6% |
Summary: The Eaton Rapids real estate market had 62 homes for sale in November 2024, a 1.6% increase 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 | 7 | 8 | +14.3% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Eaton Rapids 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 increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eaton Rapids, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Eaton Rapids in November 2024, down by 60.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Eaton Rapids, MI
How long does it take to sell a home in Eaton Rapids, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 44 Days | +81.6% |
Summary: Homes in Eaton Rapids had an average of 44 days on market in Nov 2024, up by 81.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Eaton Rapids are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Eaton Rapids; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.