Is Big Prairie 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, Big Prairie Township has remained a Seller's Market.
Housing Prices in Big Prairie Township, MI
How much do homes in Big Prairie Township, MI cost?
Median Sold Price
$235,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Big Prairie Township was $235,000 in May 2024, up 49.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82.5K | $78K | -5.5% |
2 Bedrooms | $147.4K | $210K | +42.5% |
3 Bedrooms | $199.5K | $278.5K | +39.6% |
4 Bedrooms | $225K | - | N/A |
5+ Bedrooms | $260K | - | N/A |
Summary: Big Prairie Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 42.5%, 3 bedroom homes increased by 39.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Big Prairie Township | $157.5K | $235K | +49.2% |
Mecosta Township | $168K | $181K | +7.7% |
Croton Township | $260K | $278K | +6.9% |
Housing Supply in Big Prairie Township, MI
How many homes are available in Big Prairie Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The Big Prairie Township real estate market had 15 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 4 | 8 | +100.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Big Prairie 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 25%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Big Prairie Township in May 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Big Prairie Township, MI
How long does it take to sell a home in Big Prairie Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 64 Days | +86.5% |
Summary: Homes in Big Prairie Township had an average of 64 days on market in May 2024, up by 86.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Big Prairie Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.