$5,105 Closing Credit*
$429,900
2,396 SqFt
4 Beds
•2 Full Baths, 1 Partial
Michelle Davis, Listing Office: RE/MAX Masters
Is Rives Junction, 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, Rives Junction has remained a Seller's Market.
Key Takeaway
Rives Junction is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rives Junction, MI
How much do homes in Rives Junction, MI cost?
Median Sold Price
$260,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,000(+15.0%)
Key Takeaway
Homes in Rives Junction have sold for 15% more than they did a year ago.
Summary: The median home sold price in Rives Junction was $260,000 in October 2024, up 15% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $89.9K | -41.2% |
| 2 Bedrooms | $155K | $152.5K | -1.6% |
| 3 Bedrooms | $267K | $257.5K | -3.6% |
| 4 Bedrooms | $283.5K | $265K | -6.5% |
| 5+ Bedrooms | $215K | $272.5K | +26.7% |
Summary: Rives Junction housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.2%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Cities
| Leslie Township | $196K | $246.5K | +25.8% |
| Onondaga | $235K | $290K | +23.4% |
| Rives Junction | $226K | $260K | +15.0% |
| Rives Township | $239.4K | $270K | +12.8% |
Housing Supply in Rives Junction, MI
How many homes are available in Rives Junction, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Rives Junction real estate market had 14 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rives Junction 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 increased by 100%, 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 |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rives Junction, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Rives Junction in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Rives Junction, MI
How long does it take to sell a home in Rives Junction, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +11.5% |
Summary: Homes in Rives Junction had an average of 34 days on market in Oct 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rives Junction are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rives Junction; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.