$3,561 Closing Credit*
$299,900
1,500 SqFt
3 Beds
•1 Full Bath, 1 Partial
#50155163, MIKE HARRIS, Listing Office: STATE WIDE REAL ESTATE OF ESCANABA
Is Ford River Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Ford River Township has remained a Seller's Market.
Key Takeaway
Ford River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ford River Township, MI
How much do homes in Ford River Township, MI cost?
Median Sold Price
$414,000
$170/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$229,000(+123.8%)
Key Takeaway
Homes in Ford River Township have sold for 123.8% more than they did a month ago.
Summary: The median home sold price in Ford River Township was $414,000 in August 2024, up 123.8% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $185K | - | N/A |
| 3 Bedrooms | - | $414K | N/A |
| 4 Bedrooms | - | $529K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Ford River Township housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Ford River Township | $185K | $414K | +123.8% |
| Bark River | $185K | $359.5K | +94.3% |
| Bark River Township | $185K | $305K | +64.9% |
| Wells Township | $173K | $189.1K | +9.3% |
| Escanaba | $155.5K | $160.2K | +3.0% |
Housing Supply in Ford River Township, MI
How many homes are available in Ford River Township, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Summary: The Ford River Township real estate market had 4 homes for sale in August 2024, a 20.0% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ford River Township housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ford River 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 Ford River Township in August 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ford River Township, MI
How long does it take to sell a home in Ford River Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ford River Township has remained consistent over time.
Summary: During August 2024, 3 homes were sold in Ford River Township; 33% of homes were sold within 30 days, 67% 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.