Is Rives Junction, 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, Rives Junction has remained a Seller's Market.
Key Takeaway
Rives Junction is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rives Junction, MI
How much do homes in Rives Junction, MI cost?
Median Sold Price
$260,000
$146/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Rives Junction has remained the same since last year.
Summary: The median home sold price in Rives Junction was $260,000 in April 2024, the same as last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $153K | N/A |
| 2 Bedrooms | $155K | $165K | +6.5% |
| 3 Bedrooms | $260K | $230K | -11.5% |
| 4 Bedrooms | $306.1K | $309.2K | +1.0% |
| 5+ Bedrooms | $304.1K | $260K | -14.5% |
Summary: Rives Junction 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 6.5%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 14.5%.
Median Sold Price Compared To Nearby Cities
| Tompkins Township | $204.5K | $265K | +29.6% |
| Rives Junction | $260K | $260K | 0.0% |
| Rives Township | $268.5K | $260K | -3.2% |
| Leslie Township | $213K | $200K | -6.1% |
Housing Supply in Rives Junction, MI
How many homes are available in Rives Junction, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Rives Junction real estate market had 10 homes for sale in April 2024, a 23.1% decrease 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 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Rives Junction 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 decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rives Junction, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Rives Junction in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Rives Junction, MI
How long does it take to sell a home in Rives Junction, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 51 Days | -17.8% |
Summary: Homes in Rives Junction had an average of 51 days on market in Apr 2024, down by 17.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rives Junction are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Rives Junction; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.