$2,017 Closing Credit*
$169,850
840 SqFt
2 Beds
•1 Full Bath
#50162714, KIMBERLY STURGIS, Listing Office: RE/MAX RIVER HAVEN
Is Tobacco Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Tobacco Township was a Seller's Market.
Key Takeaway
Tobacco 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 Tobacco Township, MI
How much do homes in Tobacco Township, MI cost?
Median Sold Price
$276,250
$137/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$12,575(+4.8%)
Key Takeaway
Homes in Tobacco Township have sold for 4.8% more than they did a month ago.
Summary: The median home sold price in Tobacco Township was $276,250 in November 2024, up 4.8% from last month, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $267.3K | $125K | -53.2% |
| 3 Bedrooms | $214K | $323.7K | +51.3% |
| 4 Bedrooms | $290K | $250K | -13.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Tobacco Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 53.2%, 3 bedroom homes increased by 51.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hope Township | $197.4K | $465K | +135.5% |
| Tobacco Township | $263.6K | $276.2K | +4.8% |
Housing Supply in Tobacco Township, MI
How many homes are available in Tobacco Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Tobacco Township real estate market had 24 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tobacco Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 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 Tobacco Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Tobacco Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Tobacco Township, MI
How long does it take to sell a home in Tobacco Township, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 72 Days | 40 Days | -43.7% |
Summary: Homes in Tobacco Township had an average of 40 days on market in Nov 2024, down by 43.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tobacco Township has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Tobacco Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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