Is Raisinville 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, Raisinville Township has remained a Seller's Market.
Key Takeaway
Raisinville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Raisinville Township, MI
How much do homes in Raisinville Township, MI cost?
Median Sold Price
$272,015
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Raisinville Township have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Raisinville Township was $272,015 in May 2024, up 8.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.1K | $200K | -16.4% |
| 3 Bedrooms | $262.3K | $250K | -4.7% |
| 4 Bedrooms | $250K | $301.5K | +20.6% |
| 5+ Bedrooms | $297.5K | $470K | +58.0% |
Summary: Raisinville 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 decreased by 16.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 58%.
Median Sold Price Compared To Nearby Cities
| Maybee | $248.5K | $299.9K | +20.7% |
| Ida | $225.9K | $263.6K | +16.7% |
| Monroe Charter Township | $185.8K | $210K | +13.0% |
| Raisinville Township | $250K | $272K | +8.8% |
| Exeter Township | $278K | $300.2K | +8.0% |
Housing Supply in Raisinville Township, MI
How many homes are available in Raisinville Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Raisinville Township real estate market had 20 homes for sale in May 2024, a 13.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Raisinville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Raisinville Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Raisinville Township in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Raisinville Township, MI
How long does it take to sell a home in Raisinville Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 51 Days | -36.4% |
Summary: Homes in Raisinville Township had an average of 51 days on market in May 2024, down by 36.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Raisinville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Raisinville Township; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.