Big Rapids, MI Home Values & Market Trends
Real estate market trends reflect that there have been 284 transactions over the past year in Big Rapids. The median value for residential home transactions that occurred over the previous year is $191,766.01. The number of current listings in Big Rapids is 43, and the percentage of properties for sale in the city is 43.00%. Big Rapids, MI currently has 5 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 43 properties for sale.
Big Rapids, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
49307 | $ 244,000 $ 119/sqft |
Housing Market Summary for Big Rapids, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $264.9K | $187.6K | -29.20% |
Median Sold Price | $153.3K | $187.6K | 22.37% |
Homes For Sale | 14 | 42 | 200.00% |
Homes Sold | 154 | 179 | 16.23% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Big Rapids, MI
Browse Homes in Big Rapids, MI
Big Rapids home values range from $19,890 to $2,152,912. The median estimated value of a home in Big Rapids is $191,766.01. The median list price of a home is 275,000, and the total count of properties in the city is 5,312.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Big Rapids, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Big Rapids, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Big Rapids, MI ranges from the highest value of $77,491 in 49307 to the lowest value of $77,491 in 49307. Bank owned homes and properties account for 0.02% of properties in Big Rapids, MI. There is 1 zips within Big Rapids, MI; 49307 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49307 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Big Rapids, MI. Auction homes and other auction properties account for 0.08% of all properties in Big Rapids, MI. There is 1 zips within Big Rapids, MI; of that zips, the median estimated home value for homes going to auction ranges from $244,000 in 49307 to the lowest value of $124,878 in 49307.
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More Real Estate Resources for Big Rapids, MI
Guide for Big Rapids, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
Why Buying a Foreclosure is a Smart Move
Information on foreclosure financing, refinancing, and foreclosure mortgages.