$3,561 Closing Credit*
$299,900
1,086 SqFt
3 Beds
•2 Full Baths, 1 Partial
Stephen P Robrahn, Listing Office: RE/MAX of Grand Rapids (FH)
Is Thornapple 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, Thornapple Township has remained a Seller's Market.
Key Takeaway
Thornapple Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thornapple Township, MI
How much do homes in Thornapple Township, MI cost?
Median Sold Price
$360,000
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+12.5%)
Key Takeaway
Homes in Thornapple Township have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Thornapple Township was $360,000 in October 2024, up 12.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $295K | $400K | +35.6% |
| 3 Bedrooms | $283K | $325K | +14.8% |
| 4 Bedrooms | $339.9K | $360K | +5.9% |
| 5+ Bedrooms | $400K | $442.4K | +10.6% |
Summary: Thornapple 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 35.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Middleville | $325K | $370K | +13.9% |
| Thornapple Township | $320K | $360K | +12.5% |
| Caledonia Township | $390K | $399.9K | +2.5% |
| Yankee Springs Township | $362K | $362.5K | 0.1% |
Housing Supply in Thornapple Township, MI
How many homes are available in Thornapple Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Thornapple Township real estate market had 39 homes for sale in October 2024, a 11.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Thornapple 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 increased by 21.1%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thornapple Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Thornapple Township in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Thornapple Township, MI
How long does it take to sell a home in Thornapple Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 12 Days | -36.8% |
Summary: Homes in Thornapple Township had an average of 12 days on market in Oct 2024, down by 36.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thornapple Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Thornapple Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
