$3,739 Closing Credit*
$314,900
1,881 SqFt
3 Beds
•2 Full Baths, 1 Partial
Gary R. Newton, Listing Office: RE/MAX Real Estate Professionals
Is Eaton Rapids, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Eaton Rapids has remained a Seller's Market.
Key Takeaway
Eaton Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eaton Rapids, MI
How much do homes in Eaton Rapids, MI cost?
Median Sold Price
$248,400
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,400(+27.4%)
Key Takeaway
Homes in Eaton Rapids have sold for 27.4% more than they did a year ago.
Summary: The median home sold price in Eaton Rapids was $248,400 in October 2024, up 27.4% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $55K | -56.0% |
| 2 Bedrooms | $166K | $162.4K | -2.1% |
| 3 Bedrooms | $192.5K | $240K | +24.7% |
| 4 Bedrooms | $249K | $289.9K | +16.4% |
| 5+ Bedrooms | $345K | $225K | -34.8% |
Summary: Eaton Rapids housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes decreased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Eaton Rapids | $195K | $248.4K | +27.4% |
| Eaton Rapids Township | $195K | $248.4K | +27.4% |
Housing Supply in Eaton Rapids, MI
How many homes are available in Eaton Rapids, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Summary: The Eaton Rapids real estate market had 61 homes for sale in October 2024, a 10.9% increase 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 | 9 | 7 | -22.2% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 20 | 25 | +25.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Eaton Rapids 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 22.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eaton Rapids, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Eaton Rapids in October 2024, the same as the previous month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 30 Days | +44.1% |
Summary: Homes in Eaton Rapids had an average of 30 days on market in Oct 2024, up by 44.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eaton Rapids are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Eaton Rapids; 83% of homes were sold within 30 days, 0% 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.