$2,969 Closing Credit*
$250,000
1,100 SqFt
2 Beds
•1 Full Bath
Jeffrey Thompson, Listing Office: Thompson State Wide Real Estate
Is Mills Township, 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, 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
$101,875
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,125(-7.4%)
Key Takeaway
Homes in Mills Township have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Mills Township was $101,875 in October 2024, down 7.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $67.5K | N/A |
| 2 Bedrooms | $83.5K | $82K | -1.8% |
| 3 Bedrooms | $150.5K | $147K | -2.3% |
| 4 Bedrooms | $175K | $115K | -34.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mills Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 34.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Alger | $110K | $122.7K | +11.5% |
| Richland Township | $334K | $336K | +0.6% |
| Mills Township | $110K | $101.8K | -7.4% |
Housing Supply in Mills Township, MI
How many homes are available in Mills Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Mills Township real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 11 | 7 | -36.4% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mills Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 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 Mills Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mills Township in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 152 Days | +131.2% |
Summary: Homes in Mills Township had an average of 152 days on market in Oct 2024, up by 131.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mills Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Mills Township; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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.