$79,900
2.16 Acres
Land
Robert Jacobs, Listing Office: eXp Realty, LLC
Is Raisinville 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, Raisinville Township has remained a Seller's Market.
Key Takeaway
Raisinville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raisinville Township, MI
How much do homes in Raisinville Township, MI cost?
Median Sold Price
$290,500
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,500(+11.7%)
Key Takeaway
Homes in Raisinville Township have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Raisinville Township was $290,500 in October 2024, up 11.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $268.5K | $196K | -27.0% |
| 3 Bedrooms | $253.5K | $290.5K | +14.6% |
| 4 Bedrooms | $285K | $327K | +14.7% |
| 5+ Bedrooms | $295K | $470K | +59.3% |
Summary: Raisinville 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 27%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 59.3%.
Median Sold Price Compared To Nearby Cities
| Raisinville Township | $260K | $290.5K | +11.7% |
| Monroe Charter Township | $200K | $209K | +4.5% |
Housing Supply in Raisinville Township, MI
How many homes are available in Raisinville Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Raisinville Township real estate market had 17 homes for sale in October 2024, a 5.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Raisinville Township housing inventory by bedroom type for October 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 25%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raisinville Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Raisinville Township in October 2024, up by 400.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Raisinville Township, MI
How long does it take to sell a home in Raisinville Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 47 Days | +135.1% |
Summary: Homes in Raisinville Township had an average of 47 days on market in Oct 2024, up by 135.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Raisinville Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Raisinville Township; 60% of homes were sold within 30 days, 30% 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.