Housing Prices in Rapid River Township, MI
How much do homes in Rapid River Township, MI cost?
Median List Price
$220,000
$128/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Rapid River Township has increased by 11.4% since last year.
Summary: The median home list price in Rapid River Township was $220,000 in April 2024, up 11.4% from the previous year, and the median price per square foot was $128.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $79.9K | N/A |
| 2 Bedrooms | $154.9K | $138K | -10.9% |
| 3 Bedrooms | $220K | $242.4K | +10.2% |
| 4 Bedrooms | - | $156K | N/A |
| 5+ Bedrooms | $1.2M | $330.8K | -74.4% |
Summary: Rapid River 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 decreased by 10.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 74.4%.
Median List Price Compared To Nearby Cities
| Alden | $289.9K | $394.4K | +36.1% |
| Custer Township | $225.7K | $305K | +35.1% |
| Coldsprings Township | $197K | $240K | +21.8% |
| Rapid River Township | $197.5K | $220K | +11.4% |
| Rapid City | $564.9K | $389.9K | -31.0% |
Housing Supply in Rapid River Township, MI
How many homes are available in Rapid River Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Summary: The Rapid River Township real estate market had 11 homes for sale in April 2024, a 266.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 8 | +300.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Rapid River 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 300%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Days on Market for Rapid River Township, MI
How long does it take to sell a home in Rapid River Township, MI?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 136 Days | 27 Days | -79.8% |
Summary: Homes in Rapid River Township had an average listing age of 27 days in Apr 2024, down by 79.8% compared to the previous year.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.