Is Schoolcraft 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, Schoolcraft Township has remained a Seller's Market.
Housing Prices in Schoolcraft Township, MI
How much do homes in Schoolcraft Township, MI cost?
Median Sold Price
$304,500
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Schoolcraft Township was $304,500 in May 2024, up 6.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.5K | $154K | +48.8% |
2 Bedrooms | $216.7K | $185K | -14.6% |
3 Bedrooms | $252K | $277.5K | +10.1% |
4 Bedrooms | $317.2K | $324K | +2.1% |
5+ Bedrooms | $315K | $393.5K | +24.9% |
Summary: Schoolcraft Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 24.9%.
Median Sold Price Compared To Nearby Cities
Schoolcraft | $313.2K | $357.4K | +14.1% |
Vicksburg | $260K | $278.4K | +7.1% |
Schoolcraft Township | $285K | $304.5K | +6.8% |
Portage | $264.9K | $269.9K | +1.9% |
Brady Township | $235.1K | $235.5K | 0.2% |
Housing Supply in Schoolcraft Township, MI
How many homes are available in Schoolcraft Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 42 | -12.5% |
Summary: The Schoolcraft Township real estate market had 42 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 20 | 19 | -5.0% |
4 Bedrooms | 18 | 13 | -27.8% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Schoolcraft Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 13 | -35.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Schoolcraft Township in May 2024, down by 35.0% month-over-month. Of the 13 sold homes, 8% were sold under asking, 38% were sold at asking, and 54% were sold over asking.
Days on Market for Schoolcraft Township, MI
How long does it take to sell a home in Schoolcraft Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 32 Days | +102.3% |
Summary: Homes in Schoolcraft Township had an average of 32 days on market in May 2024, up by 102.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Schoolcraft Township; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.