Is Reynolds Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Reynolds Township has remained a Seller's Market.
Key Takeaway
Reynolds Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reynolds Township, MI
How much do homes in Reynolds Township, MI cost?
Median Sold Price
$235,000
$169/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Reynolds Township has remained the same since last year.
Summary: The median home sold price in Reynolds Township was $235,000 in March 2024, the same as last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $115.1K | -43.8% |
| 2 Bedrooms | $195K | $224.9K | +15.4% |
| 3 Bedrooms | $235K | $230K | -2.1% |
| 4 Bedrooms | $250K | $282.5K | +13.0% |
| 5+ Bedrooms | $342K | $254.5K | -25.6% |
Summary: Reynolds Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 25.6%.
Median Sold Price Compared To Nearby Cities
| Pierson Township | $280K | $297.4K | +6.2% |
| Howard City | $232.4K | $239K | +2.8% |
| Reynolds Township | $235K | $235K | 0.0% |
Housing Supply in Reynolds Township, MI
How many homes are available in Reynolds Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Summary: The Reynolds Township real estate market had 11 homes for sale in March 2024, a 31.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 9 | 5 | -44.4% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Reynolds 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 decreased by 44.4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reynolds Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Reynolds Township in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Reynolds Township, MI
How long does it take to sell a home in Reynolds Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 36 Days | -62.2% |
Summary: Homes in Reynolds Township had an average of 36 days on market in Mar 2024, down by 62.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Reynolds Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Reynolds Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
