Housing Prices in Rapid River Township, MI

How much do homes in Rapid River Township, MI cost?

Median List Price

$209,950

$143/sqft

Based on all homes listed in the last 12 months.

Difference Since May 2023

+$11,250(+5.7%)

Key Takeaway

The list price of homes in Rapid River Township has increased by 5.7% since last year.

Summary: The median home list price in Rapid River Township was $209,950 in May 2024, up 5.7% from the previous year, and the median price per square foot was $143.

Median List Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$79.9K
N/A
2 $154.9K$169K
+9.1%
3 $220K$230K
+4.5%
4 -$156K
N/A
5+ $199.9K$429K
+114.6%

Summary: Rapid River Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 114.6%.

Median List Price Compared To Nearby Cities

Custer Township
+43.9%
Coldsprings Township
+23.4%
Alden
+15.6%
Rapid River Township
+5.7%
Rapid City
-35.9%

Housing Supply in Rapid River Township, MI

How many homes are available in Rapid River Township, MI?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1119+72.7%

Summary: The Rapid River Township real estate market had 19 homes for sale in May 2024, a 72.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 06
+100.0%
3 810
+25.0%
4 10
-100.0%
5+ 12
+100.0%

Summary: The Rapid River Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Days on Market for Rapid River Township, MI

How long does it take to sell a home in Rapid River Township, MI?

Average Listing Age

May 2023May 2024CHANGE
169 Days37 Days-77.7%

Summary: Homes in Rapid River Township had an average listing age of 37 days in May 2024, down by 77.7% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

Newest Listings in Rapid River Township, MI

Nearby Markets to Rapid River Township, MI

What housing markets are near Rapid River Township, MI?