Is Mills Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mills Township was a Seller's Market.
Housing Prices in Mills Township, MI
How much do homes in Mills Township, MI cost?
Median Sold Price
$82,500
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mills Township was $82,500 in May 2024, down 13.6% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $136.2K | $47.6K | -65.0% |
2 Bedrooms | $40.5K | $72K | +77.8% |
3 Bedrooms | $99.2K | $152.5K | +53.7% |
4 Bedrooms | $285K | $72.5K | -74.6% |
5+ Bedrooms | $689.5K | - | N/A |
Summary: Mills Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65%, 2 bedroom homes increased by 77.8%, 3 bedroom homes increased by 53.7%, 4 bedroom homes decreased by 74.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Churchill Township | $200K | $194.9K | -2.5% |
Richland Township | $339.9K | $326.7K | -3.9% |
Mills Township | $95.5K | $82.5K | -13.6% |
Housing Supply in Mills Township, MI
How many homes are available in Mills Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 24 | +4.3% |
Summary: The Mills Township real estate market had 24 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mills 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 increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mills Township in May 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Mills Township, MI
How long does it take to sell a home in Mills Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
100 Days | 23 Days | -77.1% |
Summary: Homes in Mills Township had an average of 23 days on market in May 2024, down by 77.1% 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 Mills 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.