$1,663 Closing Credit*
$140,000
1,232 SqFt
2 Beds
•2 Full Baths
Marcia Randall, Listing Office: Foundation Realty, LLC
Is Raisin 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, Raisin Township has remained a Seller's Market.
Key Takeaway
Raisin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raisin Township, MI
How much do homes in Raisin Township, MI cost?
Median Sold Price
$269,900
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,900(+3.8%)
Key Takeaway
Homes in Raisin Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Raisin Township was $269,900 in November 2024, up 3.8% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $122.5K | $140K | +14.3% |
| 3 Bedrooms | $255.5K | $264.5K | +3.5% |
| 4 Bedrooms | $291K | $309.9K | +6.5% |
| 5+ Bedrooms | $134.2K | $465K | +246.4% |
Summary: Raisin 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 14.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 246.4%.
Median Sold Price Compared To Nearby Cities
| Raisin Township | $260K | $269.9K | +3.8% |
| Tecumseh | $255K | $253K | -0.8% |
| Tecumseh Township | $255K | $253K | -0.8% |
Housing Supply in Raisin Township, MI
How many homes are available in Raisin Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 24 | -17.2% |
Summary: The Raisin Township real estate market had 24 homes for sale in November 2024, a 17.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Raisin 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 increased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raisin Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Raisin Township in November 2024, down by 9.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 10% were sold at asking, and 40% were sold over asking.
Days on Market for Raisin Township, MI
How long does it take to sell a home in Raisin Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 47 Days | -14.2% |
Summary: Homes in Raisin Township had an average of 47 days on market in Nov 2024, down by 14.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Raisin Township has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Raisin Township; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% 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.