Is Thornapple 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, Thornapple Township has remained a Seller's Market.
Housing Prices in Thornapple Township, MI
How much do homes in Thornapple Township, MI cost?
Median Sold Price
$330,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thornapple Township was $330,000 in May 2024, the same as last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $221K | $278K | +25.8% |
3 Bedrooms | $274.3K | $313K | +14.1% |
4 Bedrooms | $342.5K | $338.5K | -1.2% |
5+ Bedrooms | $450K | $442.4K | -1.7% |
Summary: Thornapple 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 25.8%, 3 bedroom homes increased by 14.1%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
Yankee Springs Township | $347K | $381.7K | +10.0% |
Middleville | $330K | $342K | +3.6% |
Caledonia Township | $385K | $395.3K | +2.7% |
Thornapple Township | $329.9K | $330K | 0.0% |
Irving Township | $315K | $301.5K | -4.3% |
Housing Supply in Thornapple Township, MI
How many homes are available in Thornapple Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 34 | +21.4% |
Summary: The Thornapple Township real estate market had 34 homes for sale in May 2024, a 21.4% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Thornapple 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 increased by 6.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Thornapple Township in May 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Thornapple Township, MI
How long does it take to sell a home in Thornapple Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
5 Days | 36 Days | +559.1% |
Summary: Homes in Thornapple Township had an average of 36 days on market in May 2024, up by 559.1% compared to last year.
Breakdown of Home Sale Times
4 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, 8 homes were sold in Thornapple Township; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.