Is Reynolds Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Reynolds Township has remained a Seller's Market.
Housing Prices in Reynolds Township, MI
How much do homes in Reynolds Township, MI cost?
Median Sold Price
$230,000
$165/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Reynolds Township was $230,000 in May 2024, the same as last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $115.1K | -43.8% |
2 Bedrooms | $181.7K | $193.4K | +6.4% |
3 Bedrooms | $230K | $229K | -0.4% |
4 Bedrooms | $268K | $250K | -6.7% |
5+ Bedrooms | $265K | $342.2K | +29.2% |
Summary: Reynolds Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 29.2%.
Median Sold Price Compared To Nearby Cities
Pierson Township | $280K | $294.9K | +5.3% |
Reynolds Township | $230K | $230K | 0.0% |
Winfield Township | $242K | $238K | -1.7% |
Howard City | $240K | $230K | -4.2% |
Housing Supply in Reynolds Township, MI
How many homes are available in Reynolds Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Summary: The Reynolds Township real estate market had 15 homes for sale in May 2024, a 25.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Reynolds Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Reynolds Township in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Reynolds Township, MI
How long does it take to sell a home in Reynolds Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
4 Days | 31 Days | +615.4% |
Summary: Homes in Reynolds Township had an average of 31 days on market in May 2024, up by 615.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Reynolds Township; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.