Is Prairieville Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Prairieville Township has remained a Seller's Market.
Housing Prices in Prairieville Township, MI
How much do homes in Prairieville Township, MI cost?
Median Sold Price
$330,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prairieville Township was $330,000 in May 2024, down 5% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $355K | - | N/A |
2 Bedrooms | $267K | $275K | +3.0% |
3 Bedrooms | $297.5K | $335K | +12.6% |
4 Bedrooms | $418K | $510K | +22.0% |
5+ Bedrooms | - | $284.4K | N/A |
Summary: Prairieville 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 3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Orangeville Township | $265K | $319.9K | +20.7% |
Barry Township | $222K | $260K | +17.1% |
Delton | $239.5K | $275.5K | +15.0% |
Prairieville Township | $347.5K | $330K | -5.0% |
Housing Supply in Prairieville Township, MI
How many homes are available in Prairieville Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Summary: The Prairieville Township real estate market had 15 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Prairieville 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 decreased by 40%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Prairieville Township in May 2024, up by 200.0% 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 Prairieville Township, MI
How long does it take to sell a home in Prairieville Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +61.4% |
Summary: Homes in Prairieville Township had an average of 30 days on market in May 2024, up by 61.4% 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
Summary: During May 2024, 3 homes were sold in Prairieville 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.