Is Big Prairie Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Big Prairie Township has remained a Seller's Market.
Housing Prices in Big Prairie Township, MI
How much do homes in Big Prairie Township, MI cost?
Median Sold Price
$205,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Big Prairie Township was $205,000 in February 2024, up 36.7% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $110.3K | +33.7% |
2 Bedrooms | $150K | $147.5K | -1.7% |
3 Bedrooms | $172.5K | $257.5K | +49.3% |
4 Bedrooms | $160K | $290K | +81.3% |
5+ Bedrooms | $260K | - | N/A |
Summary: Big Prairie Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 49.3%, 4 bedroom homes increased by 81.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Big Prairie Township | $150K | $205K | +36.7% |
Mecosta Township | $180K | $185K | +2.8% |
Housing Supply in Big Prairie Township, MI
How many homes are available in Big Prairie Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Summary: The Big Prairie Township real estate market had 7 homes for sale in February 2024, a 22.2% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Big Prairie Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Big Prairie Township in February 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Big Prairie Township, MI
How long does it take to sell a home in Big Prairie Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 3 homes were sold in Big Prairie Township; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.