Is Yankee Springs 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, Yankee Springs Township has remained a Seller's Market.
Housing Prices in Yankee Springs Township, MI
How much do homes in Yankee Springs Township, MI cost?
Median Sold Price
$381,750
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Yankee Springs Township was $381,750 in April 2024, up 8.5% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $665K | N/A |
2 Bedrooms | $367.4K | $357.4K | -2.7% |
3 Bedrooms | $365K | $315.4K | -13.6% |
4 Bedrooms | $324.9K | $575K | +77.0% |
5+ Bedrooms | $702.5K | $418.4K | -40.4% |
Summary: Yankee Springs 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 decreased by 2.7%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 77%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
Orangeville Township | $255K | $319.9K | +25.5% |
Yankee Springs Township | $352K | $381.7K | +8.5% |
Rutland Charter Township | $284.7K | $295K | +3.6% |
Thornapple Township | $322.8K | $327.4K | +1.4% |
Shelbyville | $300K | $291.2K | -2.9% |
Housing Supply in Yankee Springs Township, MI
How many homes are available in Yankee Springs Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Yankee Springs Township real estate market had 22 homes for sale in April 2024, a 37.5% 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 | 0 | 2 | +100.0% |
3 Bedrooms | 9 | 9 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Yankee Springs 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Yankee Springs Township in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Yankee Springs Township, MI
How long does it take to sell a home in Yankee Springs Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
86 Days | 53 Days | -38.6% |
Summary: Homes in Yankee Springs Township had an average of 53 days on market in Apr 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Yankee Springs Township; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.