$2,350 Closing Credit*
$197,900
1,248 SqFt
3 Beds
•2 Full Baths
Diane Bishop, Listing Office: EXP Realty
Is Springport, 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, Springport has remained a Seller's Market.
Key Takeaway
Springport is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springport, MI
How much do homes in Springport, MI cost?
Median Sold Price
$185,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+1.4%)
Key Takeaway
Homes in Springport have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Springport was $185,000 in October 2024, up 1.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $158K | $332.5K | +110.4% |
| 2 Bedrooms | $155.2K | $37K | -76.1% |
| 3 Bedrooms | $177.5K | $191K | +7.6% |
| 4 Bedrooms | $325K | $138K | -57.5% |
| 5+ Bedrooms | $415K | $150K | -63.9% |
Summary: Springport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.4%, 2 bedroom homes decreased by 76.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 57.5%, and 5+ bedroom homes decreased by 63.9%.
Median Sold Price Compared To Nearby Cities
| Springport | $182.5K | $185K | +1.4% |
| Springport Township | $182.5K | $185K | +1.4% |
Housing Supply in Springport, MI
How many homes are available in Springport, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Springport real estate market had 7 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Springport 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
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 Springport, 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 Springport in October 2024, the same as the previous 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 Springport, MI
How long does it take to sell a home in Springport, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 5 Days | 78 Days | +1256.5% |
Summary: Homes in Springport had an average of 78 days on market in Oct 2024, up by 1256.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springport has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Springport; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.