Housing Prices in Riga, MI
How much do homes in Riga, MI cost?
Median List Price
$212,450
$137/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Riga has decreased by 11.4% since last year.
Summary: The median home list price in Riga was $212,450 in May 2024, down 11.4% from the previous year, and the median price per square foot was $137.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $155K | - | N/A |
| 3 Bedrooms | $202.2K | $149.9K | -25.9% |
| 4 Bedrooms | $304.9K | $397.4K | +30.4% |
| 5+ Bedrooms | - | $649.9K | N/A |
Summary: Riga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 25.9%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Deerfield Township | $199K | $199.9K | 0.5% |
| Whiteford Township | $275.9K | $262.4K | -4.9% |
| Ottawa Lake | $275.9K | $259.9K | -5.8% |
| Riga | $239.9K | $212.4K | -11.4% |
| Riga Township | $229.7K | $199.9K | -13.0% |
Housing Supply in Riga, MI
How many homes are available in Riga, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Summary: The Riga real estate market had 4 homes for sale in May 2024, a 100.0% 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 | 3 | +200.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Riga 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 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Days on Market for Riga, MI
How long does it take to sell a home in Riga, MI?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 141 Days | 30 Days | -78.4% |
Summary: Homes in Riga had an average listing age of 30 days in May 2024, down by 78.4% compared to the previous year.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.