Is Eaton Rapids Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Eaton Rapids Township was a Seller's Market.
Key Takeaway
Eaton Rapids Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eaton Rapids Township, MI
How much do homes in Eaton Rapids Township, MI cost?
Median Sold Price
$227,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Eaton Rapids Township have sold for 14.1% more than they did a year ago.
Summary: The median home sold price in Eaton Rapids Township was $227,000 in April 2024, up 14.1% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $125K | N/A |
| 2 Bedrooms | $160.1K | $185K | +15.6% |
| 3 Bedrooms | $192.5K | $225K | +16.9% |
| 4 Bedrooms | $221.6K | $273.1K | +23.2% |
| 5+ Bedrooms | $274.5K | $394K | +43.5% |
Summary: Eaton Rapids Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 43.5%.
Median Sold Price Compared To Nearby Cities
| Eaton Rapids | $195K | $227K | +16.4% |
| Eaton Rapids Township | $199K | $227K | +14.1% |
| Delhi Charter Township | $253.2K | $272.2K | +7.5% |
| Windsor Charter Township | $270K | $270K | 0.0% |
Housing Supply in Eaton Rapids Township, MI
How many homes are available in Eaton Rapids Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Eaton Rapids Township real estate market had 39 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Eaton Rapids Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eaton Rapids Township, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Eaton Rapids Township in April 2024, down by 61.5% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Eaton Rapids Township, MI
How long does it take to sell a home in Eaton Rapids Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 7 Days | -84.6% |
Summary: Homes in Eaton Rapids Township had an average of 7 days on market in Apr 2024, down by 84.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eaton Rapids Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Eaton Rapids Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.