Is Parma 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, Parma Township has remained a Seller's Market.
Housing Prices in Parma Township, MI
How much do homes in Parma Township, MI cost?
Median Sold Price
$210,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Parma Township was $210,000 in April 2024, down 14.3% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $139.9K | $174K | +24.4% |
3 Bedrooms | $225K | $210K | -6.7% |
4 Bedrooms | $253.2K | $269K | +6.2% |
5+ Bedrooms | $300K | $254.5K | -15.2% |
Summary: Parma 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 24.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 15.2%.
Median Sold Price Compared To Nearby Cities
Springport Township | $150K | $175K | +16.7% |
Concord Township | $214.9K | $230K | +7.0% |
Parma Township | $245K | $210K | -14.3% |
Parma | $245K | $205K | -16.3% |
Sandstone Township | $268K | $206.3K | -23.0% |
Housing Supply in Parma Township, MI
How many homes are available in Parma Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Parma Township real estate market had 17 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Parma 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 25%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Parma Township in April 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Parma Township, MI
How long does it take to sell a home in Parma Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -9.1% |
Summary: Homes in Parma Township had an average of 30 days on market in Apr 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Parma Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.