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

Median List Price

$375,000

Based on all homes listed in the last 12 months.

Difference Since July 2020

+$87,750(+30.5%)

Key Takeaway

The list price of homes in Elk Rapids Township has increased by 30.5% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSJul 2020Jul 2021%
1 $139.9K$174.9K+25.0%
2 $229.9K$289.9K+26.1%
3 $295K$377.4K+27.9%
4 $450K$624.2K+38.7%
5+ $1.0M$685K-33.2%

Median List Price Compared To Nearby Cities

Rapid City
+36.9%
Elk Rapids Township
+30.5%
Elk Rapids
+29.7%
Milton Township
+25.7%
Kewadin
+12.1%

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

Number of Homes For Sale

Jun 2021Jul 2021%
2019-5.0%

Homes For Sale By Bedroom Count

# BEDSJun 2021Jul 2021%
1 110.0%
2 54-20.0%
3 89+12.5%
4 220.0%
5+ 43-25.0%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Jul 2020Jul 2021%
109 Days57 Days-47.6%

Breakdown of Home Sale Times

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Key Takeaway

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About Elk Rapids Township, MI

Homes for sale in Elk Rapids Township, MI have reached 19. The inventory of homes for sale in Elk Rapids Township, MI between June 2021 and July 2021 decreased by 5%. In July 2021, listings were on the market for 57 days. During the same period, the median list price in this real estate market was $375,000. Real estate listing prices changed between June 2021 and July 2021: 1 bedroom properties prices increased by 25%, prices of 2 bedrooms properties went up by 26.1%, 3 bedrooms properties prices increased by 27.9%, 4 bedrooms properties prices increased by 38.7%, prices of 5 bedrooms properties decreased by 33.2%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went down by 20%, the quantity of 3 bedrooms homes went up by 12.5%, number of 4 bedrooms homes remained the same, 5 bedrooms homes inventory decreased by 25%. In July 2021, from all listings sold in Elk Rapids Township, MI there were more than 2 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

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