$49,900
10.00 Acres
Land
Marianne Quist, Listing Office: REMAX Central
Is Springville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Springville Township was a Seller's Market.
Key Takeaway
Springville Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Springville Township, MI
How much do homes in Springville Township, MI cost?
Median Sold Price
$179,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,750(-3.1%)
Key Takeaway
Homes in Springville Township have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Springville Township was $179,000 in November 2024, down 3.1% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $52K | -64.1% |
| 2 Bedrooms | $97.4K | $153.4K | +57.5% |
| 3 Bedrooms | $186.7K | $130K | -30.4% |
| 4 Bedrooms | $281K | $219.9K | -21.7% |
| 5+ Bedrooms | $188K | $289.9K | +54.2% |
Summary: Springville Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.1%, 2 bedroom homes increased by 57.5%, 3 bedroom homes decreased by 30.4%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 54.2%.
Median Sold Price Compared To Nearby Cities
| Springville Township | $184.7K | $179K | -3.1% |
| Mesick | $200K | $187.9K | -6.0% |
Housing Supply in Springville Township, MI
How many homes are available in Springville Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Springville Township real estate market had 7 homes for sale in November 2024, a 16.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Springville Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Springville Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Springville Township in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Springville Township, MI
How long does it take to sell a home in Springville Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 44 Days | +25.0% |
Summary: Homes in Springville Township had an average of 44 days on market in Nov 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Springville Township has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Springville Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
