Is Rives Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2022
Since last year, Rives Township has remained a Seller's Market.
Key Takeaway
Rives Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Rives Township, MI cost?
Median Sold Price
$274,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
+$54,100(+24.6%)
Key Takeaway
Homes in Rives Township have sold for 24.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $217K | $180.1K | -17.0% |
| 3 Bedrooms | $213.5K | $255K | +19.4% |
| 4 Bedrooms | $231K | $314.1K | +36.0% |
| 5+ Bedrooms | $272K | $304.1K | +11.8% |
Median Sold Price Compared To Nearby Cities
| Rives Junction | $210K | $270K | +28.6% |
| Rives Township | $219.9K | $274K | +24.6% |
| Leslie Township | $200K | $206.9K | +3.5% |
| Pleasant Lake | $284.9K | $239K | -16.1% |
| Henrietta Township | $259K | $215K | -17.0% |
How many homes are available in Rives Township, MI?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 18 | 16 | -11.1% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 8 | 3 | -62.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rives Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
How long does it take to sell a home in Rives Township, MI?
How long does it take to sell a home in Rives Township, MI?
Average Sale Time
| May 2022 | May 2023 | % |
|---|---|---|
| 10 Days | 6 Days | -40.0% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rives Township are selling fast, if you're buying plan to act quickly.
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.