$10,000 Closing Credit*
$895,000
1,609 SqFt
3 Beds
•1 Full Bath, 1 Partial
David J DeBruyn, Listing Office: Greenridge Realty (Kentwood)
Is South Arm Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Arm Township has remained a Seller's Market.
Key Takeaway
South Arm Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Arm Township, MI
How much do homes in South Arm Township, MI cost?
Median Sold Price
$367,500
$183/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$111,000(+43.3%)
Key Takeaway
Homes in South Arm Township have sold for 43.3% more than they did a month ago.
Summary: The median home sold price in South Arm Township was $367,500 in October 2024, up 43.3% from last month, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $2.8M | - | N/A |
| 3 Bedrooms | $235K | $367.5K | +56.4% |
| 4 Bedrooms | $278K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Arm 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 increased by 56.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Arm Township, MI
How many homes are available in South Arm Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The South Arm Township real estate market had 10 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Arm 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 decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Arm Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in South Arm Township in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Arm Township, MI
How long does it take to sell a home in South Arm Township, MI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 88 Days | +109.5% |
Summary: Homes in South Arm Township had an average of 88 days on market in Oct 2024, up by 109.5% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Arm Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in South Arm Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
