$4,394 Closing Credit*
$370,000
2,441 SqFt
4 Beds
•3 Full Baths
Ross S Bacon, Listing Office: RE/MAX of Grand Rapids (FH)
Is Yankee Springs Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Yankee Springs Township was a Seller's Market.
Key Takeaway
Yankee Springs Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Yankee Springs Township, MI
How much do homes in Yankee Springs Township, MI cost?
Median Sold Price
$362,530
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$510(+0.1%)
Key Takeaway
The sold price of homes in Yankee Springs Township has remained the same since last year.
Summary: The median home sold price in Yankee Springs Township was $362,530 in October 2024, up 0.1% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $665K | $150K | -77.4% |
| 2 Bedrooms | $387.5K | $324.9K | -16.2% |
| 3 Bedrooms | $325K | $320K | -1.5% |
| 4 Bedrooms | $370.7K | $437.5K | +18.0% |
| 5+ Bedrooms | $687.4K | $570K | -17.1% |
Summary: Yankee Springs Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.4%, 2 bedroom homes decreased by 16.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 18%, and 5+ bedroom homes decreased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Thornapple Township | $320K | $360K | +12.5% |
| Shelbyville | $299.9K | $330K | +10.0% |
| Orangeville Township | $300K | $319.9K | +6.6% |
| Yankee Springs Township | $362K | $362.5K | 0.1% |
| Rutland Charter Township | $305K | $305K | 0.0% |
Housing Supply in Yankee Springs Township, MI
How many homes are available in Yankee Springs Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Yankee Springs Township real estate market had 22 homes for sale in October 2024, a 22.2% 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 | 3 | 5 | +66.7% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Yankee Springs 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 increased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 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 Yankee Springs 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 3 homes were sold or pending in Yankee Springs Township in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Yankee Springs Township, MI
How long does it take to sell a home in Yankee Springs Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 24 Days | -72.3% |
Summary: Homes in Yankee Springs Township had an average of 24 days on market in Oct 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
2 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 Yankee Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Yankee Springs Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
