Is Mills Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mills Township has remained a Seller's Market.
Housing Prices in Mills Township, MI
How much do homes in Mills Township, MI cost?
Median Sold Price
$42,000
$51/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Mills Township was $42,000 in March 2024, down 71.5% from last month, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $82K | $58.5K | -28.7% |
3 Bedrooms | $217.5K | $33K | -84.8% |
4 Bedrooms | $115K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Mills Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.7%, 3 bedroom homes decreased by 84.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Churchill Township | $350K | $158K | -54.9% |
Mills Township | $147.5K | $42K | -71.5% |
Alger | $409K | $76K | -81.4% |
Housing Supply in Mills Township, MI
How many homes are available in Mills Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Summary: The Mills Township real estate market had 17 homes for sale in March 2024, a 41.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mills Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mills Township in March 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mills Township, MI
How long does it take to sell a home in Mills Township, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
124 Days | 104 Days | -16.6% |
Summary: Homes in Mills Township had an average of 104 days on market in Mar 2024, down by 16.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Mills Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.