Is Springport Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springport Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Springport Township has remained a Seller's Market.

Key Takeaway

Springport Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Springport Township, MI

How much do homes in Springport Township, MI cost?

Median Sold Price

$185,000

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,500(+1.4%)

Key Takeaway

Homes in Springport Township have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Springport Township was $185,000 in October 2024, up 1.4% from last year, and the median price per square foot was $98.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $158K$332.5K
+110.4%
2 $145.5K$50K
-65.6%
3 $185K$191K
+3.2%
4 $325K$169K
-48.0%
5+ $415K$150K
-63.9%

Summary: Springport Township 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 65.6%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 48%, and 5+ bedroom homes decreased by 63.9%.

Median Sold Price Compared To Nearby Cities

Onondaga
+23.4%
Springport Township
+1.4%
Springport
+1.4%

Housing Supply in Springport Township, MI

How many homes are available in Springport Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
770.0%

Summary: The Springport Township real estate market had 7 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 43
-25.0%
4 22
0.0%
5+ 01
+100.0%

Summary: The Springport 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 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 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springport 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 Springport Township 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 Township, MI

How long does it take to sell a home in Springport Township, MI?

Average Sale Time

Oct 2023Oct 2024CHANGE
19 Days78 Days+293.9%

Summary: Homes in Springport Township had an average of 78 days on market in Oct 2024, up by 293.9% 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Springport Township has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Springport Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Springport Township, MI

Nearby Markets to Springport Township, MI