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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Prairie Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

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

+$55,000(+36.7%)

Key Takeaway

Homes in Big Prairie Township have sold for 36.7% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $82.5K$110.3K
+33.7%
2 $150K$147.5K
-1.7%
3 $172.5K$257.5K
+49.3%
4 $160K$290K
+81.3%
5+ $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
+36.7%
Mecosta Township
+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 2024Feb 2024CHANGE
97-22.2%

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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 53
-40.0%
3 33
0.0%
4 00
0.0%
5+ 00
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 2024Feb 2024CHANGE
13+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Prairie Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 28 Days Ago

Newest Listings in Big Prairie Township, MI

Nearby Markets to Big Prairie Township, MI

What housing markets are near Big Prairie Township, MI?