Is Raisin 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, Raisin Township has remained a Seller's Market.
Housing Prices in Raisin Township, MI
How much do homes in Raisin Township, MI cost?
Median Sold Price
$270,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Raisin Township was $270,000 in April 2024, up 3.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | $140K | +7.7% |
3 Bedrooms | $249.2K | $257K | +3.1% |
4 Bedrooms | $294.9K | $304.9K | +3.4% |
5+ Bedrooms | $365K | $465K | +27.4% |
Summary: Raisin 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 7.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Cities
Tecumseh | $221K | $252.5K | +14.3% |
Tecumseh Township | $239.5K | $252.5K | +5.4% |
Raisin Township | $261.4K | $270K | +3.3% |
Palmyra | $161.8K | $160.5K | -0.8% |
Ridgeway Township | $199K | $185K | -7.0% |
Housing Supply in Raisin Township, MI
How many homes are available in Raisin Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 32 | +28.0% |
Summary: The Raisin Township real estate market had 32 homes for sale in April 2024, a 28.0% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 14 | 19 | +35.7% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Raisin 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 100%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 12 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Raisin Township in April 2024, up by 500.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 58% were sold at asking, and 25% were sold over asking.
Days on Market for Raisin Township, MI
How long does it take to sell a home in Raisin Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 71 Days | +60.3% |
Summary: Homes in Raisin Township had an average of 71 days on market in Apr 2024, up by 60.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Raisin Township; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.