Is Ada Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ada Township has remained a Seller's Market.
Housing Prices in Ada Township, MI
How much do homes in Ada Township, MI cost?
Median Sold Price
$600,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ada Township was $600,000 in April 2024, up 6.7% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $393.9K | $397K | +0.8% |
3 Bedrooms | $370K | $490K | +32.4% |
4 Bedrooms | $555.5K | $618K | +11.3% |
5+ Bedrooms | $681.3K | $767.5K | +12.6% |
Summary: Ada Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
Vergennes Township | $430K | $500K | +16.3% |
Grand Rapids Charter Township | $279.9K | $300K | +7.2% |
Ada Township | $562.2K | $600K | +6.7% |
Ada | $572.8K | $602.5K | +5.2% |
Cascade Charter Township | $530K | $531.2K | 0.2% |
Housing Supply in Ada Township, MI
How many homes are available in Ada Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 71 | +26.8% |
Summary: The Ada Township real estate market had 71 homes for sale in April 2024, a 26.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Ada Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Ada Township in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Ada Township, MI
How long does it take to sell a home in Ada Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 31 Days | +98.0% |
Summary: Homes in Ada Township had an average of 31 days on market in Apr 2024, up by 98% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Ada Township; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.