$4,868 Closing Credit*
$409,900
2,500 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kay Buenaflor Prong, Listing Office: Howard Hanna Real Estate Services-Tecumseh
Is Raisin Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Raisin Township was a Neutral 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
$275,687
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$15,687(+6.0%)
Key Takeaway
Homes in Raisin Township have sold for 6% more than they did a year ago.
Summary: The median home sold price in Raisin Township was $275,687 in December 2024, up 6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $115K | $140K | +21.7% |
| 3 Bedrooms | $254.5K | $269.9K | +6.1% |
| 4 Bedrooms | $285K | $317.9K | +11.5% |
| 5+ Bedrooms | $72.5K | $465K | +541.4% |
Summary: Raisin Township housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 541.4%.
Median Sold Price Compared To Nearby Cities
| Raisin Township | $260K | $275.6K | +6.0% |
| Tecumseh | $257K | $253.3K | -1.4% |
| Tecumseh Township | $257K | $253.3K | -1.4% |
Housing Supply in Raisin Township, MI
How many homes are available in Raisin Township, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 | 17 | -29.2% |
Summary: The Raisin Township real estate market had 17 homes for sale in December 2024, a 29.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Raisin Township housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Raisin Township in December 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 60 Days | 46 Days | -23.4% |
Summary: Homes in Raisin Township had an average of 46 days on market in Dec 2024, down by 23.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Raisin Township has remained consistent over time.
Summary: During December 2024, 3 homes were sold in Raisin Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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.