Is Rives Township, MI a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Rives Township is a seller'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



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in Rives Township have sold for 24.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 --
2 $217K$180.1K
3 $213.5K$255K
4 $231K$314.1K
5+ $272K$304.1K

Median Sold Price Compared To Nearby Cities

Rives Junction
Rives Township
Leslie Township
Pleasant Lake
Henrietta Township

How many homes are available in Rives Township, MI?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
2 11
3 54
4 108
5+ 23

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022May 2023%
10 Days6 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rives Township are selling fast, if you're buying plan to act quickly.

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

What housing markets are near Rives Township, MI?

About Rives Township, MI

Rives Township, MI has 16 homes for sale to choose from. In May 2023 in Rives Township, MI there were 11.1% less homes for sale than in April 2023. Listings spent 6 days on the market in May 2023, and had a median list price of $274,000 during the same period. Listing prices have changed in this real estate market between April 2023 and May 2023: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 17%, prices of 3 bedrooms properties went up by 19.4%, 4 bedrooms properties prices increased by 36%, prices of 5 bedrooms properties increased by 11.8%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, volume of 3 bedrooms homes went down by 20%, 4 bedrooms homes became 20% less available, the quantity of 5 bedrooms homes went up by 50%. In May 2023 more than 0 listings in Rives Township, MI were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 2 were sold below.