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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eaton Rapids Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Eaton Rapids Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Eaton Rapids Township, MI

How much do homes in Eaton Rapids Township, MI cost?

Median Sold Price

$243,400

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$53,400(+28.1%)

Key Takeaway

Homes in Eaton Rapids Township have sold for 28.1% more than they did a year ago.

Summary: The median home sold price in Eaton Rapids Township was $243,400 in September 2024, up 28.1% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $125K$55K
-56.0%
2 $166.2K$167.9K
+1.0%
3 $189.9K$240K
+26.4%
4 $245.9K$299K
+21.6%
5+ $319K$225K
-29.5%

Summary: Eaton Rapids Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 26.4%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 29.5%.

Median Sold Price Compared To Nearby Cities

Eaton Rapids Township
+28.1%
Eaton Rapids
+28.1%
Windsor Charter Township
+9.8%
Delhi Charter Township
+6.1%

Housing Supply in Eaton Rapids Township, MI

How many homes are available in Eaton Rapids Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6157-6.6%

Summary: The Eaton Rapids Township real estate market had 57 homes for sale in September 2024, a 6.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 79
+28.6%
3 3326
-21.2%
4 2122
+4.8%
5+ 00
0.0%

Summary: The Eaton Rapids Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2111-47.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Eaton Rapids Township, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Eaton Rapids Township in September 2024, down by 47.6% month-over-month. Of the 11 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.

Days on Market for Eaton Rapids Township, MI

How long does it take to sell a home in Eaton Rapids Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days15 Days+7.2%

Summary: Homes in Eaton Rapids Township had an average of 15 days on market in Sep 2024, up by 7.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 11 homes were sold in Eaton Rapids Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Eaton Rapids Township, MI

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