Is Yankee Springs 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, Yankee Springs Township was a Neutral Market.
Housing Prices in Yankee Springs Township, MI
How much do homes in Yankee Springs Township, MI cost?
Median Sold Price
$381,750
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Yankee Springs Township was $381,750 in May 2024, up 10% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $665K | N/A |
2 Bedrooms | $349.9K | $357.4K | +2.2% |
3 Bedrooms | $321.3K | $327.4K | +1.9% |
4 Bedrooms | $319.9K | $495K | +54.7% |
5+ Bedrooms | $702.5K | $418.4K | -40.4% |
Summary: Yankee Springs 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 2.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 54.7%, and 5+ bedroom homes decreased by 40.4%.
Median Sold Price Compared To Nearby Cities
Orangeville Township | $265K | $319.9K | +20.7% |
Yankee Springs Township | $347K | $381.7K | +10.0% |
Shelbyville | $299.9K | $324.9K | +8.4% |
Rutland Charter Township | $286K | $306.5K | +7.2% |
Thornapple Township | $329.9K | $330K | 0.0% |
Housing Supply in Yankee Springs Township, MI
How many homes are available in Yankee Springs Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Yankee Springs Township real estate market had 23 homes for sale in May 2024, a 4.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Yankee Springs 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 increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 4 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Yankee Springs Township in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Yankee Springs Township, MI
How long does it take to sell a home in Yankee Springs Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 8 Days | -60.5% |
Summary: Homes in Yankee Springs Township had an average of 8 days on market in May 2024, down by 60.5% compared to last year.
Breakdown of Home Sale Times
4 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, 4 homes were sold in Yankee Springs 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.