Is Sparta 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, Sparta Township has remained a Seller's Market.
Housing Prices in Sparta Township, MI
How much do homes in Sparta Township, MI cost?
Median Sold Price
$295,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sparta Township was $295,000 in April 2024, up 11.1% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $120K | -13.7% |
2 Bedrooms | $225K | $230K | +2.2% |
3 Bedrooms | $265.2K | $282K | +6.3% |
4 Bedrooms | $333.5K | $322.1K | -3.4% |
5+ Bedrooms | $257K | $420K | +63.4% |
Summary: Sparta Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 63.4%.
Median Sold Price Compared To Nearby Cities
Sparta | $253.3K | $295K | +16.4% |
Sparta Township | $265.5K | $295K | +11.1% |
Tyrone Township | $260K | $284.9K | +9.6% |
Algoma Township | $399.9K | $410K | +2.5% |
Housing Supply in Sparta Township, MI
How many homes are available in Sparta Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Summary: The Sparta Township real estate market had 28 homes for sale in April 2024, a 15.2% 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 | 11 | 9 | -18.2% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Sparta 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 decreased by 18.2%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 8 | -55.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Sparta Township in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Sparta Township, MI
How long does it take to sell a home in Sparta Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 37 Days | +96.7% |
Summary: Homes in Sparta Township had an average of 37 days on market in Apr 2024, up by 96.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Sparta Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.