Is Big Creek Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Big Creek Township was a Neutral Market.
Housing Prices in Big Creek Township, MI
How much do homes in Big Creek Township, MI cost?
Median Sold Price
$95,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Big Creek Township was $95,000 in May 2024, down 29.6% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49.9K | $44K | -11.8% |
2 Bedrooms | $69.9K | $80K | +14.4% |
3 Bedrooms | $200K | $150K | -25.0% |
4 Bedrooms | $484K | $280K | -42.1% |
5+ Bedrooms | - | - | N/A |
Summary: Big Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 42.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mentor Township | $87.4K | $112K | +28.1% |
Mio | $110K | $97.5K | -11.4% |
Big Creek Township | $135K | $95K | -29.6% |
Luzerne | $187.5K | $116.5K | -37.9% |
Housing Supply in Big Creek Township, MI
How many homes are available in Big Creek Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 31 | +19.2% |
Summary: The Big Creek Township real estate market had 31 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Big Creek Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Big Creek Township in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Big Creek Township, MI
How long does it take to sell a home in Big Creek Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 3 Days | -62.5% |
Summary: Homes in Big Creek Township had an average of 3 days on market in May 2024, down by 62.5% compared to last year.
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, 9 homes were sold in Big Creek Township; 11% 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.