$6,886 Closing Credit*
$579,900
1,632 SqFt
4 Beds
•2 Full Baths
Lindsay J VanDuinen-Scully, Listing Office: RE/MAX of Grand Rapids (FH)
Is Tyrone 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, Tyrone Township has remained a Seller's Market.
Key Takeaway
Tyrone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tyrone Township, MI
How much do homes in Tyrone Township, MI cost?
Median Sold Price
$310,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,500(+12.1%)
Key Takeaway
Homes in Tyrone Township have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Tyrone Township was $310,500 in October 2024, up 12.1% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $218K | +11.8% |
| 3 Bedrooms | $265K | $313K | +18.1% |
| 4 Bedrooms | $277K | $317K | +14.4% |
| 5+ Bedrooms | $535.6K | $717.5K | +34.0% |
Summary: Tyrone 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 11.8%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
| Kent City | $271K | $315K | +16.2% |
| Tyrone Township | $277K | $310.5K | +12.1% |
| Sparta Township | $299.9K | $298K | -0.6% |
Housing Supply in Tyrone Township, MI
How many homes are available in Tyrone Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Summary: The Tyrone Township real estate market had 19 homes for sale in October 2024, a 17.4% 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tyrone 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 decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 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 Tyrone Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Tyrone Township in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Tyrone Township, MI
How long does it take to sell a home in Tyrone Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 46 Days | +559.5% |
Summary: Homes in Tyrone Township had an average of 46 days on market in Oct 2024, up by 559.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tyrone Township has remained consistent over time.
Summary: During October 2024, 6 homes were sold in Tyrone Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
