Is Park 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, Park Township has remained a Seller's Market.
Housing Prices in Park Township, MI
How much do homes in Park Township, MI cost?
Median Sold Price
$424,966
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Park Township was $424,966 in April 2024, up 5.9% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.7M | N/A |
2 Bedrooms | $275.9K | $296.5K | +7.4% |
3 Bedrooms | $375K | $374.9K | 0% |
4 Bedrooms | $412.5K | $450K | +9.1% |
5+ Bedrooms | $599.9K | $650K | +8.4% |
Summary: Park 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 7.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Holland | $295.1K | $337.1K | +14.2% |
Holland | $305.8K | $338.1K | +10.6% |
Holland Charter Township | $315K | $337.2K | +7.1% |
Park Township | $401.2K | $424.9K | +5.9% |
Housing Supply in Park Township, MI
How many homes are available in Park Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
65 | 74 | +13.8% |
Summary: The Park Township real estate market had 74 homes for sale in April 2024, a 13.8% 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 | 11 | +83.3% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 27 | 28 | +3.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Park 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 increased by 83.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Park Township in April 2024, up by 31.6% month-over-month. Of the 25 sold homes, 20% were sold under asking, 44% were sold at asking, and 36% were sold over asking.
Days on Market for Park Township, MI
How long does it take to sell a home in Park Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 36 Days | -0.4% |
Summary: Homes in Park Township had an average of 36 days on market in Apr 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Park Township; 72% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.