$3,289 Closing Credit*
$277,000
2,212 SqFt
2 Beds
•3 Full Baths
Lisa J Novosad, Listing Office: Novosad Realty Partners
Is Sparta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-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 November 2024, down 1.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $160K | N/A |
| 2 Bedrooms | $235K | $220K | -6.4% |
| 3 Bedrooms | $300K | $285K | -5.0% |
| 4 Bedrooms | $344.9K | $354.7K | +2.9% |
| 5+ Bedrooms | $335K | $427.4K | +27.6% |
Summary: Sparta housing prices by bedroom type for November 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 5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 27.6%.
Median Sold Price Compared To Nearby Cities
| Sparta Township | $300K | $296.5K | -1.2% |
| Sparta | $300K | $295K | -1.7% |
Housing Supply in Sparta, MI
How many homes are available in Sparta, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 45 | -19.6% |
Summary: The Sparta real estate market had 45 homes for sale in November 2024, a 19.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 27 | 23 | -14.8% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sparta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Sparta in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +46.1% |
Summary: Homes in Sparta had an average of 22 days on market in Nov 2024, up by 46.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 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 November 2024, 16 homes were sold in Sparta; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
