Is Ada Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ada Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Ada Township has remained a Seller's Market.

Key Takeaway

Ada Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ada Township, MI

How much do homes in Ada Township, MI cost?

Median Sold Price

$649,350

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$77,250(+13.5%)

Key Takeaway

Homes in Ada Township have sold for 13.5% more than they did a year ago.

Summary: The median home sold price in Ada Township was $649,350 in September 2024, up 13.5% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $408K$325K
-20.3%
3 $490K$450K
-8.2%
4 $565K$693K
+22.7%
5+ $676K$822.5K
+21.7%

Summary: Ada Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.3%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 21.7%.

Median Sold Price Compared To Nearby Cities

Vergennes Township
+14.1%
Ada Township
+13.5%
Ada
+13.0%
Grand Rapids Charter Township
+9.4%
Cascade Charter Township
+5.7%

Housing Supply in Ada Township, MI

How many homes are available in Ada Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7074+5.7%

Summary: The Ada Township real estate market had 74 homes for sale in September 2024, a 5.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 2222
0.0%
4 2836
+28.6%
5+ 2014
-30.0%

Summary: The Ada Township housing inventory by bedroom type for September 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 28.6%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2215-31.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ada Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Ada Township in September 2024, down by 31.8% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Sep 2023Sep 2024CHANGE
18 Days30 Days+68.1%

Summary: Homes in Ada Township had an average of 30 days on market in Sep 2024, up by 68.1% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ada Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 15 homes were sold in Ada Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

Newest Listings in Ada Township, MI

Nearby Markets to Ada Township, MI

What housing markets are near Ada Township, MI?