$7,124 Closing Credit*
$599,900
2,821 SqFt
4 Beds
•2 Full Baths, 1 Partial
Kourtni Bosch, Listing Office: Blue Beacon Realty
Is Park 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, 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
$430,502
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,902(+6.7%)
Key Takeaway
Homes in Park Township have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Park Township was $430,502 in October 2024, up 6.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.7M | - | N/A |
| 2 Bedrooms | $281K | $303.2K | +7.9% |
| 3 Bedrooms | $370K | $378.5K | +2.3% |
| 4 Bedrooms | $430K | $465K | +8.1% |
| 5+ Bedrooms | $587K | $630K | +7.3% |
Summary: Park 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 increased by 7.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Holland Charter Township | $321.6K | $347.5K | +8.1% |
| Holland | $321.2K | $344.8K | +7.4% |
| Holland | $322K | $344.8K | +7.1% |
| Park Township | $403.6K | $430.5K | +6.7% |
Housing Supply in Park Township, MI
How many homes are available in Park Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 110 | +7.8% |
Summary: The Park Township real estate market had 110 homes for sale in October 2024, a 7.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 13 | +85.7% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 40 | 39 | -2.5% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Park 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 increased by 85.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 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. 52.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Park Township in October 2024, down by 8.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 24 Days | +37.7% |
Summary: Homes in Park Township had an average of 24 days on market in Oct 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 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 October 2024, 23 homes were sold in Park Township; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.