$7,066 Closing Credit*
$595,000
1,344 SqFt
3 Beds
•2 Full Baths
Rustin Scott, Listing Office: Five Star Real Estate (Main)
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 Last Month
Last month, Yankee Springs Township was a Neutral Market.
Key Takeaway
Yankee Springs Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yankee Springs Township, MI
How much do homes in Yankee Springs Township, MI cost?
Median Sold Price
$470,000
$227/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$150,000(+46.9%)
Key Takeaway
Homes in Yankee Springs Township have sold for 46.9% more than they did a month ago.
Summary: The median home sold price in Yankee Springs Township was $470,000 in November 2024, up 46.9% from last month, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $137.5K | $470K | +241.8% |
| 3 Bedrooms | $347.5K | $482.5K | +38.8% |
| 4 Bedrooms | - | $450K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Yankee Springs 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 increased by 241.8%, 3 bedroom homes increased by 38.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Yankee Springs Township | $320K | $470K | +46.9% |
| Rutland Charter Township | $350K | $305K | -12.9% |
Housing Supply in Yankee Springs Township, MI
How many homes are available in Yankee Springs Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Yankee Springs Township real estate market had 18 homes for sale in November 2024, a 10.0% 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Yankee Springs 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 20%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Yankee Springs Township in November 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% 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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 5 Days | -80.0% |
Summary: Homes in Yankee Springs Township had an average of 5 days on market in Nov 2024, down by 80% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were 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 November 2024, 5 homes were sold in Yankee Springs Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
