Is Sparta 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, Sparta Township has remained a Seller's Market.
Housing Prices in Sparta Township, MI
How much do homes in Sparta Township, MI cost?
Median Sold Price
$292,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sparta Township was $292,500 in May 2024, up 7.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $120K | -13.7% |
2 Bedrooms | $230K | $221.7K | -3.6% |
3 Bedrooms | $265.5K | $281K | +5.8% |
4 Bedrooms | $330K | $330K | 0.0% |
5+ Bedrooms | $420K | $382K | -9.0% |
Summary: Sparta Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
Tyrone Township | $256.5K | $297.4K | +16.0% |
Sparta Township | $272K | $292.5K | +7.5% |
Sparta | $272K | $292K | +7.4% |
Algoma Township | $399.4K | $392.5K | -1.7% |
Housing Supply in Sparta Township, MI
How many homes are available in Sparta Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Summary: The Sparta Township real estate market had 35 homes for sale in May 2024, a 40.0% increase 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 | 8 | 3 | -62.5% |
3 Bedrooms | 10 | 20 | +100.0% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Sparta 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 62.5%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Sparta Township in May 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Sparta Township, MI
How long does it take to sell a home in Sparta Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 6 Days | -80.5% |
Summary: Homes in Sparta Township had an average of 6 days on market in May 2024, down by 80.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Sparta 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.