$2,077 Closing Credit*
$174,900
1,154 SqFt
2 Beds
•2 Full Baths
#50161323, MARIETTA SPROTT, 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 October 2023
Since last year, Tobacco Township has remained a Seller's Market.
Key Takeaway
Tobacco Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tobacco Township, MI
How much do homes in Tobacco Township, MI cost?
Median Sold Price
$227,500
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$57,500(+33.8%)
Key Takeaway
Homes in Tobacco Township have sold for 33.8% more than they did a year ago.
Summary: The median home sold price in Tobacco Township was $227,500 in October 2024, up 33.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $156K | $182.5K | +17.0% |
| 3 Bedrooms | $165K | $227.5K | +37.9% |
| 4 Bedrooms | $367.5K | $375K | +2.0% |
| 5+ Bedrooms | $455K | $515K | +13.2% |
Summary: Tobacco 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 17%, 3 bedroom homes increased by 37.9%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
| Tobacco Township | $170K | $227.5K | +33.8% |
| Billings Township | $140.9K | $153.5K | +8.9% |
| Beaverton | $173K | $173.9K | 0.5% |
Housing Supply in Tobacco Township, MI
How many homes are available in Tobacco Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Tobacco Township real estate market had 27 homes for sale in October 2024, a 12.5% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tobacco 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 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tobacco Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Tobacco Township in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 70 Days | -3.4% |
Summary: Homes in Tobacco Township had an average of 70 days on market in Oct 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tobacco Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Tobacco Township; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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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