Is Mills Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mills Township has remained a Seller's Market.
Housing Prices in Mills Township, MI
How much do homes in Mills Township, MI cost?
Median Sold Price
$100,000
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mills Township was $100,000 in April 2024, up 8.8% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.2K | $38.8K | -71.5% |
2 Bedrooms | $40.5K | $77.2K | +90.7% |
3 Bedrooms | $99K | $152.5K | +54.0% |
4 Bedrooms | $285K | $72.5K | -74.6% |
5+ Bedrooms | $689.5K | - | N/A |
Summary: Mills Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.5%, 2 bedroom homes increased by 90.7%, 3 bedroom homes increased by 54%, 4 bedroom homes decreased by 74.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Mills Township | $91.9K | $100K | +8.8% |
Richland Township | $320K | $324.2K | +1.3% |
Housing Supply in Mills Township, MI
How many homes are available in Mills Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Mills Township real estate market had 22 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 6 | 8 | +33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mills Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mills Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Mills Township, MI
How long does it take to sell a home in Mills Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
133 Days | 31 Days | -76.6% |
Summary: Homes in Mills Township had an average of 31 days on market in Apr 2024, down by 76.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Mills Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.