$6,116 Closing Credit*
$515,000
2,943 SqFt
4 Beds
•3 Full Baths
Slava Mykhayls, Listing Office: Graham Real Estate
Is Springvale Township, 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, Springvale Township has remained a Seller's Market.
Key Takeaway
Springvale Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Springvale Township, MI
How much do homes in Springvale Township, MI cost?
Median Sold Price
$419,950
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$18,750(-4.3%)
Key Takeaway
Homes in Springvale Township have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Springvale Township was $419,950 in October 2024, down 4.3% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $325K | $474K | +45.8% |
| 3 Bedrooms | $416.9K | $330K | -20.9% |
| 4 Bedrooms | $499.9K | $438.6K | -12.3% |
| 5+ Bedrooms | $1.7M | - | N/A |
Summary: Springvale Township 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 increased by 45.8%, 3 bedroom homes decreased by 20.9%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Tuscarora Township | $325K | $465K | +43.1% |
| Littlefield Township | $307K | $294.9K | -3.9% |
| Springvale Township | $438.7K | $419.9K | -4.3% |
Housing Supply in Springvale Township, MI
How many homes are available in Springvale Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The Springvale Township real estate market had 8 homes for sale in October 2024, a 14.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Springvale 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 remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springvale Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Springvale Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Springvale Township, MI
We’re sorry, we don't have information for this market at the moment
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