$1,603 Closing Credit¹
#284629, Ashlie Randolph, Listing Office: Jason Mitchell Real Estate Group-Lansing
Elba Township Housing Market Report December 2024•Gratiot County, Michigan
Housing Prices in Elba Township, MI
How much do homes in Elba Township, MI cost?
Median List Price
$124,900$113/SqFt
-$30,000
-19.4%
Based on all homes listed in the last 12 months
Insight
The list price of homes in Elba Township has decreased by 19.4% since last year.
Summary: The median home list price in Elba Township was $124,900 in December 2024, down 19.4% from the previous year, and the median price per square foot was $113.
Median List Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Chapin Township | $149.5K | $189.9K | +27.0% |
| Bannister | $107.4K | $135K | +25.7% |
| Hamilton Township | $350K | $369.1K | +5.5% |
| Elba Township | $154.9K | $124.9K | -19.4% |
Median List Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $159.9K | $84.4K | -47.2% |
| 33 Bedrooms | $124.9K | $132.4K | +6.0% |
| 44 Bedrooms | $159.9K | $135K | -15.6% |
| 55+ Bedrooms | - | - | N/A |
Summary: Elba Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -47.2%. The home price for 3 bedroom homes increased by +6.0%. The home price for 4 bedroom homes decreased by -15.6%. The home price for 5 bedroom homes did not change.
Housing supply in Elba Township, MI
How many homes are available in Elba Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthDec 2024 | ||
| 22 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: The Elba Township real estate market had 2 homes for sale in Dec 2024, the same as Nov 2024
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 0 | 0 | 0.0% |
| 44 Bedrooms | 1 | 1 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Elba Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Elba Township, MI cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price0 Home
Insight
If you're buying a home in Elba Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Elba Township in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.
Days on Market for Elba Township, MI
How long does it take to sell a home in Elba Township, MI?
Breakdown of Home Sale Times
Under 30 Days1 Home
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Elba Township are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in Elba 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.
Average Listing Age
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearDec 2024 | ||
| 78 Days1 year agoDec 2023 | -23.7 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Elba Township had an average listing age of 59 days in Dec 2024, down by 23.7% compared to the previous year.
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Newest Listings in Elba Township, MI
What homes are available in Elba Township, MI?
$3,444 Closing Credit¹
#1926116, Rachel Shoemaker, Listing Office: FIVE STAR REAL ESTATE - MT. PLEASANT
Nearby markets
Nearby markets aren't available for Elba Township, MI
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MLS Disclaimers and Copyright
Based on information from Northern Great Lakes Realtors MLS, and Greater Lansing MLS for the period 01/01/2023 - 01/01/2025
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.Copyright © 2025 Greater Lansing Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.