Is Reynolds 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, Reynolds Township has remained a Seller's Market.
Key Takeaway
Reynolds Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reynolds Township, MI
How much do homes in Reynolds Township, MI cost?
Median Sold Price
$230,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Reynolds Township have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Reynolds Township was $230,000 in April 2024, down 2.1% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $115.1K | -43.8% |
| 2 Bedrooms | $195K | $219.9K | +12.8% |
| 3 Bedrooms | $235K | $230K | -2.1% |
| 4 Bedrooms | $265K | $250K | -5.7% |
| 5+ Bedrooms | $265K | $254.5K | -4.0% |
Summary: Reynolds Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Howard City | $235K | $236.9K | +0.8% |
| Reynolds Township | $235K | $230K | -2.1% |
| Winfield Township | $262.5K | $245K | -6.7% |
Housing Supply in Reynolds Township, MI
How many homes are available in Reynolds Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The Reynolds Township real estate market had 11 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Reynolds Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Reynolds Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Reynolds Township in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Reynolds Township, MI
How long does it take to sell a home in Reynolds Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 10 Days | +18.5% |
Summary: Homes in Reynolds Township had an average of 10 days on market in Apr 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reynolds Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Reynolds 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.
