Is Paradise Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Paradise Township was a Neutral Market.
Key Takeaway
Paradise Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paradise Township, MI
How much do homes in Paradise Township, MI cost?
Median Sold Price
$197,500
$207/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Paradise Township have sold for 29.4% less than they did a month ago.
Summary: The median home sold price in Paradise Township was $197,500 in April 2024, down 29.4% from last month, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205.2K | $245K | +19.4% |
| 3 Bedrooms | $295K | $150K | -49.2% |
| 4 Bedrooms | $279.9K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Paradise Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 49.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fife Lake Township | $216.2K | $400K | +85.0% |
| Kingsley | $287.4K | $245K | -14.8% |
| Paradise Township | $279.9K | $197.5K | -29.4% |
Housing Supply in Paradise Township, MI
How many homes are available in Paradise Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 28 | +40.0% |
Summary: The Paradise Township real estate market had 28 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 8 | 16 | +100.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Paradise 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 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Paradise Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Paradise Township in April 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Paradise Township, MI
How long does it take to sell a home in Paradise Township, MI?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 41 Days | -48.8% |
Summary: Homes in Paradise Township had an average of 41 days on market in Apr 2024, down by 48.8% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Paradise Township has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Paradise Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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