$1,033 Closing Credit*
$87,000
576 SqFt
1 Bed
•1 Full Bath
PAULINE MORRISON, Listing Office: MORRIS-RICHARDSON RE
Is Mills Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Mills Township has remained a Seller's Market.
Key Takeaway
Mills Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mills Township, MI
How much do homes in Mills Township, MI cost?
Median Sold Price
$101,500
$92/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+3.0%)
Key Takeaway
Homes in Mills Township have sold for 3% more than they did a year ago.
Summary: The median home sold price in Mills Township was $101,500 in November 2024, up 3% from last year, and the median price per square foot was $92.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $55.5K | $67.5K | +21.6% |
| 2 Bedrooms | $71.5K | $82.5K | +15.4% |
| 3 Bedrooms | $150.5K | $129.9K | -13.7% |
| 4 Bedrooms | $175K | $156K | -10.9% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mills Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.6%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 13.7%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Richland Township | $315K | $340.3K | +8.1% |
| Mills Township | $98.5K | $101.5K | +3.0% |
Housing Supply in Mills Township, MI
How many homes are available in Mills Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Mills Township real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mills Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mills Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Mills Township in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Mills Township, MI
How long does it take to sell a home in Mills Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 31 Days | -64.1% |
Summary: Homes in Mills Township had an average of 31 days on market in Nov 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mills Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Mills Township; 50% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.