Housing Prices in Rapid River Township, MI

How much do homes in Rapid River Township, MI cost?

Median List Price

$199,900

$128/sqft

Based on all homes listed in the last 12 months.

Difference Since March 2023

+$31,200(+18.5%)

Key Takeaway

The list price of homes in Rapid River Township has increased by 18.5% since last year.

Summary: The median home list price in Rapid River Township was $199,900 in March 2024, up 18.5% from the previous year, and the median price per square foot was $128.

Median List Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$79.9K
N/A
2 $139.9K$138.9K
-0.7%
3 $179.5K$220K
+22.6%
4 --
N/A
5+ $1.2M$429K
-66.7%

Summary: Rapid River 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 0.7%, 3 bedroom homes increased by 22.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 66.7%.

Median List Price Compared To Nearby Cities

Custer Township
+37.1%
Alden
+30.7%
Coldsprings Township
+21.1%
Rapid River Township
+18.5%
Rapid City
-29.1%

Housing Supply in Rapid River Township, MI

How many homes are available in Rapid River Township, MI?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
43-25.0%

Summary: The Rapid River Township real estate market had 3 homes for sale in March 2024, a 25.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 20
-100.0%
3 02
+100.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The Rapid River 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 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Days on Market for Rapid River Township, MI

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

Average Listing Age

Mar 2023Mar 2024CHANGE
143 Days41 Days-70.9%

Summary: Homes in Rapid River Township had an average listing age of 41 days in Mar 2024, down by 70.9% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Rapid River Township, MI

Nearby Markets to Rapid River Township, MI

What housing markets are near Rapid River Township, MI?