Is Paradise Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Paradise Township was a Seller's Market.
Housing Prices in Paradise Township, MI
How much do homes in Paradise Township, MI cost?
Median Sold Price
$279,900
$186/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Paradise Township was $279,900 in March 2024, up 3.7% from last month, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $238.5K | $205.2K | -14.0% |
3 Bedrooms | $272.4K | $295K | +8.3% |
4 Bedrooms | $295K | $279.9K | -5.1% |
5+ Bedrooms | - | - | N/A |
Summary: Paradise 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 14%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Kingsley | $269.9K | $287.4K | +6.5% |
Paradise Township | $269.9K | $279.9K | +3.7% |
Fife Lake Township | $347.6K | $243.7K | -29.9% |
Greenwood Township | $399.9K | $125K | -68.7% |
Housing Supply in Paradise Township, MI
How many homes are available in Paradise Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 22 | +10.0% |
Summary: The Paradise Township real estate market had 22 homes for sale in March 2024, a 10.0% increase 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 | 7 | 6 | -14.3% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Paradise Township 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 decreased by 14.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Paradise Township in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Paradise Township, MI
How long does it take to sell a home in Paradise Township, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 80 Days | +3.9% |
Summary: Homes in Paradise Township had an average of 80 days on market in Mar 2024, up by 3.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Paradise Township; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.