Is Prairie Ronde 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, Prairie Ronde Township has remained a Seller's Market.
Key Takeaway
Prairie Ronde Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prairie Ronde Township, MI
How much do homes in Prairie Ronde Township, MI cost?
Median Sold Price
$445,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Prairie Ronde Township have sold for 17.1% more than they did a year ago.
Summary: The median home sold price in Prairie Ronde Township was $445,000 in April 2024, up 17.1% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | $353.5K | +14.0% |
| 4 Bedrooms | $452K | $462.5K | +2.3% |
| 5+ Bedrooms | $375K | $520K | +38.7% |
Summary: Prairie Ronde 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 did not change, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Cities
| Schoolcraft | $272.3K | $342K | +25.6% |
| Prairie Ronde Township | $380K | $445K | +17.1% |
| Schoolcraft Township | $271K | $310K | +14.4% |
| Texas Charter Township | $455K | $469.2K | +3.1% |
| Portage | $264.9K | $268.1K | +1.2% |
Housing Supply in Prairie Ronde Township, MI
How many homes are available in Prairie Ronde Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Prairie Ronde Township real estate market had 3 homes for sale in April 2024, a 25.0% 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 | 1 | 2 | +100.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Prairie Ronde 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 100%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prairie Ronde Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Prairie Ronde Township in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie Ronde Township, MI
How long does it take to sell a home in Prairie Ronde Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 17 Days | -75.1% |
Summary: Homes in Prairie Ronde Township had an average of 17 days on market in Apr 2024, down by 75.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairie Ronde Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Prairie Ronde Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
