$2,316 Closing Credit*
$195,000
2,048 SqFt
2 Beds
•1 Bath
Karen Foust, Listing Office: CENTURY 21 Affiliated
Is Reading 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, Reading Township has remained a Seller's Market.
Key Takeaway
Reading Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reading Township, MI
How much do homes in Reading Township, MI cost?
Median Sold Price
$171,250
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,250(+1.3%)
Key Takeaway
Homes in Reading Township have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Reading Township was $171,250 in October 2024, up 1.3% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118.2K | - | N/A |
| 2 Bedrooms | $202.5K | $139K | -31.4% |
| 3 Bedrooms | $142.5K | $177.5K | +24.6% |
| 4 Bedrooms | $212.5K | $317.5K | +49.4% |
| 5+ Bedrooms | $187K | $162.5K | -13.1% |
Summary: Reading 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 31.4%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes decreased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Camden Township | $190K | $227K | +19.5% |
| Reading | $145K | $166K | +14.5% |
| Allen Township | $205K | $219.7K | +7.2% |
| Reading Township | $169K | $171.2K | +1.3% |
| Cambria Township | $229.2K | $150K | -34.6% |
Housing Supply in Reading Township, MI
How many homes are available in Reading Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Reading Township real estate market had 20 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Reading Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reading Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Reading Township in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Reading Township, MI
How long does it take to sell a home in Reading Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 77 Days | +145.2% |
Summary: Homes in Reading Township had an average of 77 days on market in Oct 2024, up by 145.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Reading Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Reading Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.