Is Raisinville 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, Raisinville Township was a Buyer's Market.
Key Takeaway
Raisinville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raisinville Township, MI
How much do homes in Raisinville Township, MI cost?
Median Sold Price
$254,675
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Raisinville Township have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Raisinville Township was $254,675 in March 2024, up 1.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $236.5K | $232.7K | -1.6% |
| 3 Bedrooms | $283.1K | $250K | -11.7% |
| 4 Bedrooms | $295K | $285K | -3.4% |
| 5+ Bedrooms | $297.5K | $470K | +58.0% |
Summary: Raisinville 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 decreased by 1.6%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Cities
| Maybee | $236K | $289.9K | +22.9% |
| Monroe Charter Township | $180.6K | $203.5K | +12.7% |
| Ida | $228K | $256.1K | +12.3% |
| Raisinville Township | $250K | $254.6K | +1.9% |
Housing Supply in Raisinville Township, MI
How many homes are available in Raisinville Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 22 | +10.0% |
Summary: The Raisinville 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Raisinville 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 remained the same, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raisinville Township, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Raisinville Township in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% were sold over asking.
Days on Market for Raisinville Township, MI
How long does it take to sell a home in Raisinville Township, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raisinville Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Raisinville Township; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.