Is Maple Rapids, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Maple Rapids has remained a Seller's Market.
Key Takeaway
Maple Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Rapids, MI
How much do homes in Maple Rapids, MI cost?
Median Sold Price
$215,000
$134/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Maple Rapids have sold for 25% more than they did a month ago.
Summary: The median home sold price in Maple Rapids was $215,000 in May 2024, up 25% from last month, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $215K | N/A |
| 4 Bedrooms | $172K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Maple Rapids housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Essex Township | $172K | $241K | +40.1% |
| Maple Rapids | $172K | $215K | +25.0% |
Housing Supply in Maple Rapids, MI
How many homes are available in Maple Rapids, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Summary: The Maple Rapids real estate market had 3 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Maple Rapids housing inventory by bedroom type for May 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Rapids, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Maple Rapids in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Maple Rapids, MI
How long does it take to sell a home in Maple Rapids, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 3 Days | -87.5% |
Summary: Homes in Maple Rapids had an average of 3 days on market in May 2024, down by 87.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Rapids are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in Maple Rapids; 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.
