Is Prairieville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Prairieville Township was a Seller's Market.
Key Takeaway
Prairieville 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 Prairieville Township, MI
How much do homes in Prairieville Township, MI cost?
Median Sold Price
$350,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Prairieville Township have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Prairieville Township was $350,000 in March 2024, up 10.8% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | - | N/A |
| 2 Bedrooms | $250.5K | $322.4K | +28.7% |
| 3 Bedrooms | $300.5K | $285K | -5.2% |
| 4 Bedrooms | $406.5K | $470K | +15.6% |
| 5+ Bedrooms | $460.5K | $284.4K | -38.2% |
Summary: Prairieville Township 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 28.7%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 38.2%.
Median Sold Price Compared To Nearby Cities
| Delton | $230K | $283K | +23.0% |
| Barry Township | $210K | $247K | +17.6% |
| Orangeville Township | $278.7K | $322.5K | +15.7% |
| Prairieville Township | $315.9K | $350K | +10.8% |
Housing Supply in Prairieville Township, MI
How many homes are available in Prairieville Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Prairieville Township real estate market had 13 homes for sale in March 2024, a 44.4% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Prairieville 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 increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prairieville Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Prairieville Township in March 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prairieville Township, MI
How long does it take to sell a home in Prairieville Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 140 Days | 19 Days | -86.1% |
Summary: Homes in Prairieville Township had an average of 19 days on market in Mar 2024, down by 86.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairieville Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Prairieville Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.