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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Paradise Township is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Paradise Township was a Seller's Market.

Key Takeaway

Paradise Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Paradise Township, MI

How much do homes in Paradise Township, MI cost?

Median Sold Price

$290,277

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$16,327(+6.0%)

Key Takeaway

Homes in Paradise Township have sold for 6% more than they did a year ago.

Summary: The median home sold price in Paradise Township was $290,277 in June 2024, up 6% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $147.5K$224K
+51.9%
3 $255K$295K
+15.7%
4 $467K$400K
-14.3%
5+ -$343.9K
N/A

Summary: Paradise Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.9%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Fife Lake Township
+6.5%
Blair Township
+6.3%
Paradise Township
+6.0%
Kingsley
-0.4%

Housing Supply in Paradise Township, MI

How many homes are available in Paradise Township, MI?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2524-4.0%

Summary: The Paradise Township real estate market had 24 homes for sale in June 2024, a 4.0% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1611
-31.3%
4 36
+100.0%
5+ 23
+50.0%

Summary: The Paradise Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paradise Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Paradise Township in June 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Jun 2023Jun 2024CHANGE
33 Days63 Days+86.7%

Summary: Homes in Paradise Township had an average of 63 days on market in Jun 2024, up by 86.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were 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 Paradise Township has remained consistent over time.

Summary: During June 2024, 4 homes were sold in Paradise Township; 0% of homes were sold within 30 days, 75% 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 23 Days Ago

Newest Listings in Paradise Township, MI

Nearby Markets to Paradise Township, MI

What housing markets are near Paradise Township, MI?