Is Yankee Springs 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, Yankee Springs Township has remained a Seller's Market.
Key Takeaway
Yankee Springs Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yankee Springs Township, MI
How much do homes in Yankee Springs Township, MI cost?
Median Sold Price
$381,750
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Yankee Springs Township have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Yankee Springs Township was $381,750 in April 2024, up 8.5% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $665K | N/A |
| 2 Bedrooms | $367.4K | $357.4K | -2.7% |
| 3 Bedrooms | $365K | $315.4K | -13.6% |
| 4 Bedrooms | $324.9K | $575K | +77.0% |
| 5+ Bedrooms | $702.5K | $418.4K | -40.4% |
Summary: Yankee Springs 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 2.7%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes increased by 77%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
| Orangeville Township | $255K | $319.9K | +25.5% |
| Yankee Springs Township | $352K | $381.7K | +8.5% |
| Rutland Charter Township | $284.7K | $295K | +3.6% |
| Thornapple Township | $322.8K | $327.4K | +1.4% |
| Shelbyville | $300K | $291.2K | -2.9% |
Housing Supply in Yankee Springs Township, MI
How many homes are available in Yankee Springs Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Summary: The Yankee Springs Township real estate market had 22 homes for sale in April 2024, a 37.5% 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 | 2 | +100.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Yankee Springs 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 remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yankee Springs Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Yankee Springs Township in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Yankee Springs Township, MI
How long does it take to sell a home in Yankee Springs Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 86 Days | 53 Days | -38.6% |
Summary: Homes in Yankee Springs Township had an average of 53 days on market in Apr 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Yankee Springs Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Yankee Springs Township; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
