$1,781 Closing Credit*
$150,000
3,000 SqFt
3 Beds
•1 Full Bath
Samantha Jeffrey, Listing Office: Sunshine Real Estate Co
Is Rich Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Rich Township was a Neutral Market.
Key Takeaway
Rich Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rich Township, MI
How much do homes in Rich Township, MI cost?
Median Sold Price
$214,500
$145/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$55,500(-20.6%)
Key Takeaway
Homes in Rich Township have sold for 20.6% less than they did a month ago.
Summary: The median home sold price in Rich Township was $214,500 in October 2024, down 20.6% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $75K | N/A |
| 2 Bedrooms | - | $164K | N/A |
| 3 Bedrooms | $270K | $265K | -1.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $470K | N/A |
Summary: Rich 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 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Burlington Township | $208.5K | $240K | +15.1% |
| Rich Township | $270K | $214.5K | -20.6% |
Housing Supply in Rich Township, MI
How many homes are available in Rich Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Rich Township real estate market had 6 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rich 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
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 Rich 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 Rich Township in October 2024, up by 300.0% 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 Rich Township, MI
How long does it take to sell a home in Rich Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 99 Days | +2393.8% |
Summary: Homes in Rich Township had an average of 99 days on market in Oct 2024, up by 2393.8% compared to last month.
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 Rich Township has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Rich 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.
