$109,000
5.07 Acres
Land
Tami Wolthuis, Listing Office: Jaqua, REALTORS
Is Schoolcraft 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, Schoolcraft Township was a Seller's Market.
Key Takeaway
Schoolcraft Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Schoolcraft Township, MI
How much do homes in Schoolcraft Township, MI cost?
Median Sold Price
$297,475
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$8,525(-2.8%)
Key Takeaway
Homes in Schoolcraft Township have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Schoolcraft Township was $297,475 in October 2024, down 2.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $154K | +48.8% |
| 2 Bedrooms | $230.1K | $170K | -26.1% |
| 3 Bedrooms | $295K | $275K | -6.8% |
| 4 Bedrooms | $320.1K | $315K | -1.6% |
| 5+ Bedrooms | $360K | $407.2K | +13.1% |
Summary: Schoolcraft Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes decreased by 26.1%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft | $330K | $375K | +13.6% |
| Portage | $257.8K | $285K | +10.5% |
| Vicksburg | $280K | $274.9K | -1.8% |
| Schoolcraft Township | $306K | $297.4K | -2.8% |
| Brady Township | $245.4K | $210.5K | -14.2% |
Housing Supply in Schoolcraft Township, MI
How many homes are available in Schoolcraft Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Summary: The Schoolcraft Township real estate market had 32 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Schoolcraft Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Schoolcraft Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Schoolcraft Township in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Schoolcraft Township, MI
How long does it take to sell a home in Schoolcraft Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 7 Days | -74.7% |
Summary: Homes in Schoolcraft Township had an average of 7 days on market in Oct 2024, down by 74.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schoolcraft Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Schoolcraft 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.
