Park Township Housing Market Report February 2025•Ottawa County, Michigan

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Housing Prices in Park Township, MI

How much do homes in Park Township, MI cost?

Housing Market Conditions

Is Park Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Park Township is a Seller's Market

Difference Since February 2024

Since last year, Park Township has remained a Seller's Market.

Insight

Park Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$440,000$201/SqFt
+$17,565
+4.2%

Based on all homes sold in the last 12 months

Insight

Homes in Park Township have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Park Township was $440,000 in February 2025, up 4.2% from last year, and the median price per square foot was $201.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Holland Charter Township
+8.1%
Holland
+7.0%
Holland
+6.5%
Park Township
+4.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$1.7M-
N/A
2$281K$324.9K
+15.6%
3$375.4K$377K
0.4%
4$453.8K$470K
+3.6%
5$662.5K$630K
-4.9%

Summary: Park Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +15.6%. The home price for 3 bedroom homes increased by 0.4%. The home price for 4 bedroom homes increased by +3.6%. The home price for 5 bedroom homes decreased by -4.9%.

How does Park Township, MI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Park Township, MI

Housing supply in Park Township, MI

How many homes are available in Park Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
69Last MonthFeb 2025
652 months agoJan 2025
+6.2 %
Change MoMJan – Feb

Summary: The Park Township real estate market had 69 homes for sale in Feb 2025, a 6.2 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
12Last MonthFeb 2025
142 months agoJan 2025
-14.3 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
279
+28.6%
31516
+6.7%
597
-22.2%
111
0.0%
43336
+9.1%

Summary: Park Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +28.6%. The inventory for 3 bedroom homes increased by +6.7%. The inventory for 5 bedroom homes decreased by -22.2%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +9.1%.

Asking Price vs. Sold Price

How much do homes in Park Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price5 Homes

Under Asking Price7 Homes

Insight

If you're buying a home in Park Township, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Park Township in February 2025, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 42% were sold at asking, and and 0% were sold over asking.

Days on Market for Park Township, MI

How long does it take to sell a home in Park Township, MI?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days6 Homes

Over 90 Days3 Homes

Insight

Avg time on Rocket Homes in Park Township has remained consistent over time.

Summary: During February 2025, 12 homes were sold in Park Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
56 DaysThis YearFeb 2025
40 Days1 year agoFeb 2024
+41.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Park Township had an average listing age of 56 days in Feb 2025, up by 41.8% compared to the previous year.

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Newest Listings in Park Township, MI

What homes are available in Park Township, MI?

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MLS Disclaimers and Copyright

Based on information from Michigan Regional Information Center LLC, and RealComp II Ltd. for the period 03/01/2023 - 03/01/2025

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. 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: 3/13/2025, 6:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.