Is Schoolcraft Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Schoolcraft Township was a Seller's Market.
Key Takeaway
Schoolcraft Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Schoolcraft Township, MI
How much do homes in Schoolcraft Township, MI cost?
Median Sold Price
$312,450
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Schoolcraft Township have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Schoolcraft Township was $312,450 in March 2024, up 16.6% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.5K | - | N/A |
| 2 Bedrooms | $170K | $195K | +14.7% |
| 3 Bedrooms | $247K | $289K | +17.0% |
| 4 Bedrooms | $314.3K | $334K | +6.2% |
| 5+ Bedrooms | $305K | $497K | +63.0% |
Summary: Schoolcraft Township 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 14.7%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 63%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft Township | $267.9K | $312.4K | +16.6% |
| Vicksburg | $249.8K | $285K | +14.1% |
| Brady Township | $245K | $249.9K | +2.0% |
| Portage | $264.7K | $260.6K | -1.6% |
Housing Supply in Schoolcraft Township, MI
How many homes are available in Schoolcraft Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Schoolcraft Township real estate market had 37 homes for sale in March 2024, a 8.8% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 19 | 16 | -15.8% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Schoolcraft 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 decreased by 33.3%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 6 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Schoolcraft Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Schoolcraft Township in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Schoolcraft Township, MI
How long does it take to sell a home in Schoolcraft Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 63 Days | +50.0% |
Summary: Homes in Schoolcraft Township had an average of 63 days on market in Mar 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Schoolcraft Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Schoolcraft Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
