Is Sparta Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Sparta Township has remained a Seller's Market.
Housing Prices in Sparta Township, MI
How much do homes in Sparta Township, MI cost?
Median Sold Price
$300,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Sparta Township was $300,000 in February 2024, up 13% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110.4K | $120K | +8.7% |
2 Bedrooms | $225K | $230K | +2.2% |
3 Bedrooms | $264.9K | $295K | +11.3% |
4 Bedrooms | $333.5K | $324.3K | -2.8% |
5+ Bedrooms | $549.9K | $360K | -34.5% |
Summary: Sparta Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 34.5%.
Median Sold Price Compared To Nearby Cities
Sparta | $248K | $300K | +21.0% |
Sparta Township | $265.5K | $300K | +13.0% |
Algoma Township | $397.4K | $397.5K | 0.0% |
Conklin | $323.5K | $255K | -21.2% |
Housing Supply in Sparta Township, MI
How many homes are available in Sparta Township, MI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 27 | +22.7% |
Summary: The Sparta Township real estate market had 27 homes for sale in February 2024, a 22.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 7 | 10 | +42.9% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Sparta Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
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 Sparta Township in February 2024, down by 16.7% 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 Sparta Township, MI
How long does it take to sell a home in Sparta Township, MI?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
22 Days | 30 Days | +40.0% |
Summary: Homes in Sparta Township had an average of 30 days on market in Feb 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Sparta Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.