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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newkirk Township is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Newkirk Township has remained a Buyer's Market.

Key Takeaway

Newkirk Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Newkirk Township, MI

How much do homes in Newkirk Township, MI cost?

Median Sold Price

$110,000

$122/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$13,100(+13.5%)

Key Takeaway

Homes in Newkirk Township have sold for 13.5% more than they did a month ago.

Summary: The median home sold price in Newkirk Township was $110,000 in September 2024, up 13.5% from last month, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $96.9K$110K
+13.5%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Newkirk Township housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Newkirk Township
+13.5%
Luther
-43.2%

Housing Supply in Newkirk Township, MI

How many homes are available in Newkirk Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1517+13.3%

Summary: The Newkirk Township real estate market had 17 homes for sale in September 2024, a 13.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 44
0.0%
3 911
+22.2%
4 11
0.0%
5+ 00
0.0%

Summary: The Newkirk 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 remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newkirk Township, 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 Newkirk Township in September 2024, the same as the previous 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 Newkirk Township, MI

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

Average Sale Time

Aug 2024Sep 2024CHANGE
11 Days66 Days+500.0%

Summary: Homes in Newkirk Township had an average of 66 days on market in Sep 2024, up by 500% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newkirk Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Newkirk Township; 0% of homes were sold within 30 days, 100% 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 Sep 1, 2024

Newest Listings in Newkirk Township, MI

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