$1,899 Closing Credit*
$159,900
1,568 SqFt
4 Beds
•2 Full Baths
Ashley Crawford, Listing Office: Keller Williams GR East
Is Sparta, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Sparta was a Seller's Market.
Key Takeaway
Sparta 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 Sparta, MI
How much do homes in Sparta, MI cost?
Median Sold Price
$300,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$600(+0.2%)
Key Takeaway
The sold price of homes in Sparta has remained the same since last year.
Summary: The median home sold price in Sparta was $300,000 in September 2024, up 0.2% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195.5K | N/A |
| 2 Bedrooms | $235K | $219K | -6.8% |
| 3 Bedrooms | $300K | $285K | -5.0% |
| 4 Bedrooms | $322K | $385K | +19.6% |
| 5+ Bedrooms | $335K | $382K | +14.0% |
Summary: Sparta housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
| Sparta Township | $299.4K | $302.5K | +1.0% |
| Sparta | $299.4K | $300K | 0.2% |
Housing Supply in Sparta, MI
How many homes are available in Sparta, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Summary: The Sparta real estate market had 42 homes for sale in September 2024, a 10.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 12 | 8 | -33.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Sparta housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 15 | 6 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Sparta in September 2024, down by 60.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Sparta, MI
How long does it take to sell a home in Sparta, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 10 Days | 19 Days | +77.7% |
Summary: Homes in Sparta had an average of 19 days on market in Sep 2024, up by 77.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparta are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Sparta; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.