Is Rives 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, Rives Township has remained a Seller's Market.
Housing Prices in Rives Township, MI
How much do homes in Rives Township, MI cost?
Median Sold Price
$254,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rives Township was $254,000 in March 2024, down 6.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $153K | -49.0% |
2 Bedrooms | $185K | $165K | -10.8% |
3 Bedrooms | $255K | $239K | -6.3% |
4 Bedrooms | $311.5K | $339.9K | +9.1% |
5+ Bedrooms | $304.1K | $245K | -19.4% |
Summary: Rives Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 19.4%.
Median Sold Price Compared To Nearby Cities
Henrietta Township | $230K | $274.5K | +19.3% |
Rives Junction | $255K | $265K | +3.9% |
Rives Township | $272K | $254K | -6.6% |
Leslie Township | $214K | $199.9K | -6.6% |
Housing Supply in Rives Township, MI
How many homes are available in Rives Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Summary: The Rives Township real estate market had 17 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Rives Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rives Township in March 2024, up by 66.7% 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 Rives Township, MI
How long does it take to sell a home in Rives Township, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Rives Township; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.