$3,680 Closing Credit*
$309,900
1,046 SqFt
3 Beds
•2 Full Baths
Karin Nelson, Listing Office: Sable Realty LLC
Is Sparta, 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, Sparta has remained a Seller's Market.
Key Takeaway
Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sparta, MI
How much do homes in Sparta, MI cost?
Median Sold Price
$295,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,950(-1.7%)
Key Takeaway
Homes in Sparta have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Sparta was $295,000 in October 2024, down 1.7% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $235K | $220K | -6.4% |
| 3 Bedrooms | $299.4K | $285K | -4.8% |
| 4 Bedrooms | $328K | $357K | +8.8% |
| 5+ Bedrooms | $335K | $385.9K | +15.2% |
Summary: Sparta 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 decreased by 6.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Cities
| Sparta Township | $299.9K | $298K | -0.6% |
| Sparta | $299.9K | $295K | -1.7% |
Housing Supply in Sparta, MI
How many homes are available in Sparta, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Summary: The Sparta real estate market had 55 homes for sale in October 2024, a 27.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 18 | 28 | +55.6% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Sparta 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 16.7%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 16 | +128.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Sparta in October 2024, up by 128.6% month-over-month. Of the 16 sold homes, 19% were sold under asking, 31% were sold at asking, and 50% were sold over asking.
Days on Market for Sparta, MI
How long does it take to sell a home in Sparta, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +10.1% |
Summary: Homes in Sparta had an average of 12 days on market in Oct 2024, up by 10.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparta are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Sparta; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
