$3,384 Closing Credit*
$285,000
1,665 SqFt
2 Beds
•2 Full Baths
Greg Allen Kobylenski, Listing Office: HomeRealty Holland
Is Park 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, Park Township has remained a Seller's Market.
Key Takeaway
Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Park Township, MI
How much do homes in Park Township, MI cost?
Median Sold Price
$435,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,950(+6.1%)
Key Takeaway
Homes in Park Township have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in Park Township was $435,000 in November 2024, up 6.1% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.7M | - | N/A |
| 2 Bedrooms | $276K | $313.2K | +13.5% |
| 3 Bedrooms | $376.6K | $380K | +0.9% |
| 4 Bedrooms | $440K | $467.5K | +6.3% |
| 5+ Bedrooms | $594.9K | $634.5K | +6.7% |
Summary: Park Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
| Holland Charter Township | $325K | $350K | +7.7% |
| Holland | $325K | $347.5K | +7.0% |
| Holland | $325K | $347.2K | +6.8% |
| Park Township | $410K | $435K | +6.1% |
Housing Supply in Park Township, MI
How many homes are available in Park Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 96 | -8.6% |
Summary: The Park Township real estate market had 96 homes for sale in November 2024, a 8.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 12 | -7.7% |
| 3 Bedrooms | 41 | 27 | -34.1% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Park Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 34.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park Township, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Park Township in November 2024, down by 8.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% were sold over asking.
Days on Market for Park Township, MI
How long does it take to sell a home in Park Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +53.4% |
Summary: Homes in Park Township had an average of 38 days on market in Nov 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Park Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Park Township; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
