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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Rapids Charter Township is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Big Rapids Charter Township was a Seller's Market.

Key Takeaway

Big Rapids Charter Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Big Rapids Charter Township, MI cost?

Median Sold Price

$319,900

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$80,400(+33.6%)

Key Takeaway

Homes in Big Rapids Charter Township have sold for 33.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $120.3K$158.7K
+32.0%
3 $215K$243.5K
+13.3%
4 $249.9K$337K
+34.9%
5+ $385K$360K
-6.5%

Median Sold Price Compared To Nearby Cities

Big Rapids Charter Township
+33.6%
Green Charter Township
+19.8%
Big Rapids
+13.3%
Colfax Township
-8.3%

How many homes are available in Big Rapids Charter Township, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
2119-9.5%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 11
0.0%
3 96
-33.3%
4 87
-12.5%
5+ 35
+66.7%

Number of Homes Sold

Aug 2022Sep 2022%
62-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Rapids Charter Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

About Big Rapids Charter Township, MI

Homes for sale in Big Rapids Charter Township, MI have reached 19. In September 2022 in Big Rapids Charter Township, MI there were 9.5% less homes for sale than in August 2022. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 32%, prices of 3 bedrooms properties increased by 13.3%, prices of 4 bedrooms properties increased by 34.9%, 5 bedrooms properties prices decreased by 6.5%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 33.3%, number of 4 bedrooms homes decreased by 12.5%, 5 bedrooms homes became 66.7% more available. While more than 0 listings in Big Rapids Charter Township, MI in September 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below.

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