Is Sparta, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparta is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Sparta has remained a Seller's Market.

Key Takeaway

Sparta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sparta, MI cost?

Median Sold Price

$219,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$29,500(+15.5%)

Key Takeaway

Homes in Sparta have sold for 15.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $89K$105K
+18.0%
2 $156K$195K
+25.0%
3 $210K$230K
+9.5%
4 $218.6K$223.4K
+2.2%
5+ $257.5K-
N/A

Median Sold Price Compared To Nearby Cities

Sparta
+15.5%
Sparta Township
+13.3%

How many homes are available in Sparta, MI?

Number of Homes For Sale

Oct 2022Nov 2022%
1210-16.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 11
0.0%
3 76
-14.3%
4 43
-25.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
54-20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparta, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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

About Sparta, MI

Sparta, MI has 10 homes for sale to choose from. The number of homes for sale in Sparta, MI decreased by 16.7% between October 2022 and November 2022. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 18%, the cost of 2 bedrooms properties went up by 25%, prices of 3 bedrooms properties increased by 9.5%, 4 bedrooms properties became 2.2% more expensive, prices of 5 bedrooms properties increased by 0%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes inventory decreased by 14.3%, volume of 4 bedrooms homes went down by 25%, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 2 listings in Sparta, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below.

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