$49,000
1.37 Acres
Land
Trey Waldofsky, Listing Office: Sproat Realty Professionals-J
Is Rives Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Rives Township was a Seller's Market.
Key Takeaway
Rives Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rives Township, MI
How much do homes in Rives Township, MI cost?
Median Sold Price
$283,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$43,550(+18.2%)
Key Takeaway
Homes in Rives Township have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in Rives Township was $283,000 in September 2024, up 18.2% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $435K | +184.3% |
| 2 Bedrooms | $165K | $169.9K | +3.0% |
| 3 Bedrooms | $239K | $270K | +13.0% |
| 4 Bedrooms | $315K | $310K | -1.6% |
| 5+ Bedrooms | $274.5K | $260K | -5.3% |
Summary: Rives Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 184.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Rives Township | $239.4K | $283K | +18.2% |
| Pleasant Lake | $260.5K | $290K | +11.3% |
| Rives Junction | $237K | $262.5K | +10.8% |
| Leslie Township | $205.6K | $210K | +2.1% |
| Henrietta Township | $244K | $240.7K | -1.3% |
Housing Supply in Rives Township, MI
How many homes are available in Rives Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 19 | +46.2% |
Summary: The Rives Township real estate market had 19 homes for sale in September 2024, a 46.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 11 | +120.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rives Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 120%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rives Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Rives Township in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Rives Township, MI
How long does it take to sell a home in Rives Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 14 Days | -31.5% |
Summary: Homes in Rives Township had an average of 14 days on market in Sep 2024, down by 31.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rives Township are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 1 homes were sold in Rives Township; 100% of homes were sold within 30 days, 0% 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.