Is Springport Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Springport Township is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Springport Township, MI

How much do homes in Springport Township, MI cost?

Median Sold Price

$188,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,500(+5.9%)

Key Takeaway

Homes in Springport Township have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Springport Township was $188,000 in September 2024, up 5.9% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $158K$332.5K
+110.4%
2 $140K$118.4K
-15.4%
3 $182.5K$191.5K
+4.9%
4 $360K$218K
-39.4%
5+ $415K$150K
-63.9%

Summary: Springport Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110.4%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 39.4%, and 5+ bedroom homes decreased by 63.9%.

Median Sold Price Compared To Nearby Cities

Hamlin Township
+21.0%
Springport Township
+5.9%
Springport
+5.7%

Housing Supply in Springport Township, MI

How many homes are available in Springport Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
87-12.5%

Summary: The Springport Township real estate market had 7 homes for sale in September 2024, a 12.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 10
-100.0%
3 44
0.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Springport Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Springport Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Springport Township in September 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Springport Township, MI

How long does it take to sell a home in Springport Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days124 Days+485.9%

Summary: Homes in Springport Township had an average of 124 days on market in Sep 2024, up by 485.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Springport Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 2 homes were sold in Springport Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

Newest Listings in Springport Township, MI

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