Is Rutland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rutland Charter Township has remained a Seller's Market.
Housing Prices in Rutland Charter Township, MI
How much do homes in Rutland Charter Township, MI cost?
Median Sold Price
$295,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rutland Charter Township was $295,000 in April 2024, up 3.6% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $153.2K | $240K | +56.7% |
3 Bedrooms | $250K | $292.4K | +17.0% |
4 Bedrooms | $330K | $323.5K | -2.0% |
5+ Bedrooms | $300K | $507K | +69.0% |
Summary: Rutland Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.7%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 69%.
Median Sold Price Compared To Nearby Cities
Hastings | $217.4K | $229.9K | +5.7% |
Rutland Charter Township | $284.7K | $295K | +3.6% |
Hastings Charter Township | $238.4K | $228.1K | -4.3% |
Irving Township | $319K | $300K | -6.0% |
Housing Supply in Rutland Charter Township, MI
How many homes are available in Rutland Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Summary: The Rutland Charter Township real estate market had 12 homes for sale in April 2024, a 33.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 1 | 3 | +200.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Rutland Charter Township housing inventory by bedroom type for April 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 200%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 5 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Rutland Charter Township in April 2024, up by 100.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Rutland Charter Township, MI
How long does it take to sell a home in Rutland Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
56 Days | 11 Days | -80.4% |
Summary: Homes in Rutland Charter Township had an average of 11 days on market in Apr 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Rutland Charter Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.