Is Maple Grove Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maple Grove Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Maple Grove Township was a Neutral Market.

Key Takeaway

Maple Grove Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Maple Grove Township, MI

How much do homes in Maple Grove Township, MI cost?

Median Sold Price

$200,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$54,000(+37.0%)

Key Takeaway

Homes in Maple Grove Township have sold for 37% more than they did a year ago.

Summary: The median home sold price in Maple Grove Township was $200,000 in September 2024, up 37% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$200K
N/A
2 $112.9K$133.5K
+18.2%
3 $127K$200K
+57.5%
4 $307.5K$400K
+30.1%
5+ -$392.4K
N/A

Summary: Maple Grove Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 57.5%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Springdale Township
+38.5%
Maple Grove Township
+37.0%
Kaleva
+21.2%

Housing Supply in Maple Grove Township, MI

How many homes are available in Maple Grove Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1012+20.0%

Summary: The Maple Grove Township real estate market had 12 homes for sale in September 2024, a 20.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 56
+20.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Maple Grove Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maple Grove Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Maple Grove Township in September 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Maple Grove Township, MI

How long does it take to sell a home in Maple Grove Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
65 Days64 Days-1.5%

Summary: Homes in Maple Grove Township had an average of 64 days on market in Sep 2024, down by 1.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Maple Grove Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Maple Grove Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Maple Grove Township, MI

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