Is Schoolcraft 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, Schoolcraft Township has remained a Seller's Market.
Housing Prices in Schoolcraft Township, MI
How much do homes in Schoolcraft Township, MI cost?
Median Sold Price
$310,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Schoolcraft Township was $310,000 in April 2024, up 14.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.5K | - | N/A |
2 Bedrooms | $170K | $195K | +14.7% |
3 Bedrooms | $247K | $289K | +17.0% |
4 Bedrooms | $321.1K | $321.6K | 0.2% |
5+ Bedrooms | $315K | $427.5K | +35.7% |
Summary: Schoolcraft 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 14.7%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 35.7%.
Median Sold Price Compared To Nearby Cities
Schoolcraft | $272.3K | $342K | +25.6% |
Schoolcraft Township | $271K | $310K | +14.4% |
Vicksburg | $251K | $276K | +10.0% |
Portage | $264.9K | $268.1K | +1.2% |
Brady Township | $265K | $225K | -15.1% |
Housing Supply in Schoolcraft Township, MI
How many homes are available in Schoolcraft Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Summary: The Schoolcraft Township real estate market had 40 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 | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 7 | 4 | -42.9% |
Summary: The Schoolcraft Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Schoolcraft Township in April 2024, up by 128.6% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% were sold over asking.
Days on Market for Schoolcraft Township, MI
How long does it take to sell a home in Schoolcraft Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 41 Days | -41.5% |
Summary: Homes in Schoolcraft Township had an average of 41 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Schoolcraft Township; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.