Is Big Rapids Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Big Rapids Charter Township has remained a Seller's Market.
Housing Prices in Big Rapids Charter Township, MI
How much do homes in Big Rapids Charter Township, MI cost?
Median Sold Price
$205,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Big Rapids Charter Township was $205,000 in April 2024, down 0.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $145K | +20.8% |
2 Bedrooms | $150K | $172.5K | +15.0% |
3 Bedrooms | $179K | $200K | +11.7% |
4 Bedrooms | $258K | $220K | -14.7% |
5+ Bedrooms | $255K | $312.5K | +22.5% |
Summary: Big Rapids Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 11.7%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
Green Charter Township | $180K | $227.4K | +26.4% |
Colfax Township | $215K | $270K | +25.6% |
Big Rapids | $165K | $205.3K | +24.4% |
Mecosta Township | $180K | $185K | +2.8% |
Big Rapids Charter Township | $206K | $205K | -0.5% |
Housing Supply in Big Rapids Charter Township, MI
How many homes are available in Big Rapids Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 74 | +15.6% |
Summary: The Big Rapids Charter Township real estate market had 74 homes for sale in April 2024, a 15.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Big Rapids Charter 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 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Big Rapids Charter Township in April 2024, up by 61.5% month-over-month. Of the 21 sold homes, 24% were sold under asking, 62% were sold at asking, and 14% were sold over asking.
Days on Market for Big Rapids Charter Township, MI
How long does it take to sell a home in Big Rapids Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 47 Days | -5.3% |
Summary: Homes in Big Rapids Charter Township had an average of 47 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Big Rapids Charter Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.