$2,719 Closing Credit*
$229,000
1,406 SqFt
4 Beds
•2 Full Baths
Rachel M Opperman, Listing Office: Knockout Real Estate
Is Tuscola 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, Tuscola Township has remained a Seller's Market.
Key Takeaway
Tuscola Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tuscola Township, MI
How much do homes in Tuscola Township, MI cost?
Median Sold Price
$220,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+5.8%)
Key Takeaway
Homes in Tuscola Township have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Tuscola Township was $220,000 in October 2024, up 5.8% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $202K | $262.5K | +30.0% |
| 3 Bedrooms | $232K | $202.5K | -12.7% |
| 4 Bedrooms | $166.2K | $457.5K | +175.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Tuscola 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 30%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 175.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Arbela Township | $169K | $185K | +9.5% |
| Tuscola Township | $208K | $220K | +5.8% |
| Vassar | $165K | $170K | +3.0% |
| Vassar Township | $165K | $170K | +3.0% |
Housing Supply in Tuscola Township, MI
How many homes are available in Tuscola Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Tuscola Township real estate market had 10 homes for sale in October 2024, a 16.7% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Tuscola 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 decreased by 22.2%, 4 bedroom homes remained the same, 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
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tuscola Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Tuscola Township in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Tuscola Township, MI
How long does it take to sell a home in Tuscola Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 74 Days | +238.6% |
Summary: Homes in Tuscola Township had an average of 74 days on market in Oct 2024, up by 238.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were 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 Tuscola Township has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Tuscola 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.