$4,750 Closing Credit*
$400,000
2,068 SqFt
4 Beds
•3 Full Baths, 1 Partial
Amanda Richardson, Listing Office: Social House Real Estate Group LLC
Is Ridgeway Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ridgeway Township was a Neutral Market.
Key Takeaway
Ridgeway Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ridgeway Township, MI
How much do homes in Ridgeway Township, MI cost?
Median Sold Price
$190,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$20,000(-9.5%)
Key Takeaway
Homes in Ridgeway Township have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Ridgeway Township was $190,000 in October 2024, down 9.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.1K | - | N/A |
| 3 Bedrooms | $195K | $173K | -11.3% |
| 4 Bedrooms | $224.5K | $222.9K | -0.7% |
| 5+ Bedrooms | $238K | - | N/A |
Summary: Ridgeway 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 did not change, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Deerfield Township | $183.5K | $179.5K | -2.2% |
| Britton | $225K | $216.4K | -3.8% |
| Raisin Township | $267.5K | $257K | -3.9% |
| Ridgeway Township | $210K | $190K | -9.5% |
Housing Supply in Ridgeway Township, MI
How many homes are available in Ridgeway Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Summary: The Ridgeway Township real estate market had 4 homes for sale in October 2024, a 33.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ridgeway 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 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ridgeway Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ridgeway Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ridgeway Township, MI
How long does it take to sell a home in Ridgeway Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 130 Days | +441.7% |
Summary: Homes in Ridgeway Township had an average of 130 days on market in Oct 2024, up by 441.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ridgeway Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Ridgeway Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
