Is Maple Rapids, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Maple Rapids has remained a Seller's Market.
Key Takeaway
Maple Rapids is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maple Rapids, MI
How much do homes in Maple Rapids, MI cost?
Median Sold Price
$176,900
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Maple Rapids have sold for 87.2% more than they did a year ago.
Summary: The median home sold price in Maple Rapids was $176,900 in March 2024, up 87.2% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85K | $145K | +70.6% |
| 3 Bedrooms | $94.5K | $200K | +111.6% |
| 4 Bedrooms | $200K | $218.4K | +9.2% |
| 5+ Bedrooms | - | $95K | N/A |
Summary: Maple Rapids housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.6%, 3 bedroom homes increased by 111.6%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Maple Rapids | $94.5K | $176.9K | +87.2% |
| Essex Township | $140.5K | $249.9K | +77.9% |
Housing Supply in Maple Rapids, MI
How many homes are available in Maple Rapids, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Summary: The Maple Rapids real estate market had 2 homes for sale in March 2024, a 33.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Maple Rapids housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Rapids, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Maple Rapids in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Maple Rapids, MI
How long does it take to sell a home in Maple Rapids, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 188 Days | 1 Day | -99.5% |
Summary: Homes in Maple Rapids had an average of 1 days on market in Mar 2024, down by 99.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Rapids are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 1 homes were sold in Maple Rapids; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
