$1,069 Closing Credit*
$90,000
1,000 SqFt
3 Beds
•1 Full Bath
Jim Meier, Listing Office: Premier Realty Co, LLC
Is Reeder Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Reeder Township has remained a Seller's Market.
Key Takeaway
Reeder Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reeder Township, MI
How much do homes in Reeder Township, MI cost?
Median Sold Price
$316,000
$199/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$131,500(-29.4%)
Key Takeaway
Homes in Reeder Township have sold for 29.4% less than they did a month ago.
Summary: The median home sold price in Reeder Township was $316,000 in October 2024, down 29.4% from last month, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $447.5K | $316K | -29.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Reeder Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 29.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Bain | $149K | $279.5K | +87.6% |
| Reeder Township | $447.5K | $316K | -29.4% |
| Forest Township | $280K | $115K | -58.9% |
Housing Supply in Reeder Township, MI
How many homes are available in Reeder Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Reeder Township real estate market had 5 homes for sale in October 2024, a 37.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 3 | -50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Reeder 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 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 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 Reeder Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Reeder Township in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Reeder Township, MI
How long does it take to sell a home in Reeder Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 77 Days | -28.3% |
Summary: Homes in Reeder Township had an average of 77 days on market in Oct 2024, down by 28.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reeder Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Reeder Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
