Is Prairie Ronde Township, 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, Prairie Ronde Township has remained a Seller's Market.
Housing Prices in Prairie Ronde Township, MI
How much do homes in Prairie Ronde Township, MI cost?
Median Sold Price
$455,000
$203/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Prairie Ronde Township was $455,000 in May 2024, up 3.8% from last month, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $410K | - | N/A |
4 Bedrooms | $825K | $455K | -44.8% |
5+ Bedrooms | $387K | - | N/A |
Summary: Prairie Ronde Township 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 decreased by 44.8%, and 5+ bedroom homes did not change.
Housing Supply in Prairie Ronde Township, MI
How many homes are available in Prairie Ronde Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Summary: The Prairie Ronde Township real estate market had 2 homes for sale in May 2024, a 60.0% decrease 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 | 2 | 1 | -50.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Prairie Ronde Township 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 decreased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Prairie Ronde Township in May 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Ronde Township, MI
How long does it take to sell a home in Prairie Ronde Township, MI?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 Days | 2 Days | -86.4% |
Summary: Homes in Prairie Ronde Township had an average of 2 days on market in May 2024, down by 86.4% 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
Summary: During May 2024, 1 homes were sold in Prairie Ronde 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.