Is Thornapple Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Thornapple Township was a Seller's Market.
Housing Prices in Thornapple Township, MI
How much do homes in Thornapple Township, MI cost?
Median Sold Price
$327,450
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Thornapple Township was $327,450 in April 2024, up 1.4% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215.5K | $295K | +36.9% |
3 Bedrooms | $278.6K | $310K | +11.2% |
4 Bedrooms | $341.2K | $335K | -1.8% |
5+ Bedrooms | $450K | $442.4K | -1.7% |
Summary: Thornapple 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 36.9%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Yankee Springs Township | $352K | $381.7K | +8.5% |
Middleville | $319.9K | $337.5K | +5.5% |
Caledonia Township | $391K | $399.7K | +2.2% |
Thornapple Township | $322.8K | $327.4K | +1.4% |
Irving Township | $319K | $300K | -6.0% |
Housing Supply in Thornapple Township, MI
How many homes are available in Thornapple Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 27 | +3.8% |
Summary: The Thornapple Township real estate market had 27 homes for sale in April 2024, a 3.8% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Thornapple 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 15.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Thornapple Township in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Thornapple Township, MI
How long does it take to sell a home in Thornapple Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 8 Days | -60.7% |
Summary: Homes in Thornapple Township had an average of 8 days on market in Apr 2024, down by 60.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Thornapple Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.