Is Arcadia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Arcadia Township was a Seller's Market.
Key Takeaway
Arcadia Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arcadia Township, MI
How much do homes in Arcadia Township, MI cost?
Median Sold Price
$340,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Arcadia Township have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Arcadia Township was $340,000 in April 2024, down 7.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | - | N/A |
| 3 Bedrooms | $337.5K | $248.7K | -26.3% |
| 4 Bedrooms | $407.5K | $375K | -8.0% |
| 5+ Bedrooms | $580K | $442.5K | -23.7% |
Summary: Arcadia 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 did not change, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 23.7%.
Median Sold Price Compared To Nearby Cities
| Goodland Township | $279K | $310K | +11.1% |
| North Branch Township | $224.9K | $244K | +8.5% |
| Attica | $283.9K | $265K | -6.7% |
| Arcadia Township | $367.5K | $340K | -7.5% |
| Attica Township | $315K | $267.5K | -15.1% |
Housing Supply in Arcadia Township, MI
How many homes are available in Arcadia Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Arcadia Township real estate market had 7 homes for sale in April 2024, a 40.0% 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 | 1 | +100.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Arcadia 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 remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Arcadia Township in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Arcadia Township, MI
How long does it take to sell a home in Arcadia Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 5 Days | -92.0% |
Summary: Homes in Arcadia Township had an average of 5 days on market in Apr 2024, down by 92% 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
Key Takeaway
Many homes in Arcadia Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Arcadia Township; 100% 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.