Housing Prices in Ray, MI
How much do homes in Ray, MI cost?
Median List Price
$399,900
$208/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Ray has increased by 1.3% since last year.
Summary: The median home list price in Ray was $399,900 in March 2024, up 1.3% from the previous year, and the median price per square foot was $208.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $999.9K | - | N/A |
| 2 Bedrooms | $110K | $174.9K | +59.0% |
| 3 Bedrooms | $302.5K | $359.9K | +19.0% |
| 4 Bedrooms | $529.9K | $639.9K | +20.8% |
| 5+ Bedrooms | $399.4K | $500K | +25.2% |
Summary: Ray 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 59%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 25.2%.
Median List Price Compared To Nearby Cities
| Washington Township | $399.9K | $435K | +8.8% |
| Ray | $394.9K | $399.9K | +1.3% |
| Ray Township | $394.9K | $399.9K | +1.3% |
| Lenox Township | $282.5K | $282.5K | 0.0% |
| Armada Township | $351.9K | $348.5K | -1.0% |
Housing Supply in Ray, MI
How many homes are available in Ray, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Ray real estate market had 11 homes for sale in March 2024, a 57.1% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 5 | +150.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ray 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 150%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Days on Market for Ray, MI
How long does it take to sell a home in Ray, MI?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 350 Days | 107 Days | -69.2% |
Summary: Homes in Ray had an average listing age of 107 days in Mar 2024, down by 69.2% compared to the previous year.
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.