New - 17 hours on Rocket
#50166035, Nicholas Ottoy, Listing Office: Northern Lights Realty Group LLC
Richmond Township Housing Market Report January 2025•Osceola County, Michigan
Housing Prices in Richmond Township, MI
How much do homes in Richmond Township, MI cost?
Housing Market Conditions
Is Richmond Township, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Richmond Township is a Seller's Market
Difference Since January 2024
Since last year, Richmond Township has remained a Seller's Market.
Insight
Richmond Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$295,000$162/SqFt
+$40,000
+15.7%
Based on all homes sold in the last 12 months
Insight
Homes in Richmond Township have sold for 15.7% more than they did a year ago.
Summary: The median home sold price in Richmond Township was $295,000 in January 2025, up 15.7% from last year, and the median price per square foot was $162.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Richmond Township | $255K | $295K | +15.7% |
| Reed City | $159.6K | $169K | +5.9% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $182K | $245K | +34.6% |
| 33 Bedrooms | $325.3K | $295K | -9.3% |
| 44 Bedrooms | $320K | $311.2K | -2.7% |
| 55+ Bedrooms | $381.5K | $360K | -5.6% |
Summary: Richmond Township housing price by bedroom type for January 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 +34.6%. The home price for 3 bedroom homes decreased by -9.3%. The home price for 4 bedroom homes decreased by -2.7%. The home price for 5 bedroom homes decreased by -5.6%.
Housing supply in Richmond Township, MI
How many homes are available in Richmond Township, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 48Last MonthJan 2025 | ||
| 432 months agoDec 2024 | +11.6 % Change MoMDec – Jan |
Summary: The Richmond Township real estate market had 48 homes for sale in Jan 2025, a 11.6 % increase compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 12Last MonthJan 2025 | ||
| 102 months agoDec 2024 | +20.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 5 | 6 | +20.0% |
| 33 Bedrooms | 23 | 26 | +13.0% |
| 44 Bedrooms | 12 | 12 | 0.0% |
| 55+ Bedrooms | 3 | 4 | +33.3% |
Summary: Richmond Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +13.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +33.3%.
Asking Price vs. Sold Price
How much do homes in Richmond Township, MI cost?
Over Asking Price5 Homes
At Asking Price4 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Richmond Township, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Richmond Township in January 2025, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 33% were sold at asking, and and 42% were sold over asking.
Days on Market for Richmond Township, MI
How long does it take to sell a home in Richmond Township, MI?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days5 Homes
Over 90 Days3 Homes
Insight
Avg time on Rocket Homes in Richmond Township has remained consistent over time.
Summary: During January 2025, 12 homes were sold in Richmond Township; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 85 DaysThis YearJan 2025 | ||
| 65 Days1 year agoJan 2024 | +30.7 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Richmond Township had an average listing age of 85 days in Jan 2025, up by 30.7% compared to the previous year.
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Newest Listings in Richmond Township, MI
What homes are available in Richmond Township, MI?
New - 3 days on Rocket
$4,394 Closing Credit¹
#20250005222, Michael S Young, Listing Office: H W Realty
$4,214 Closing Credit¹
#50165340, Robert Scalici, Listing Office: Re/Max First
$2,374 Closing Credit¹
#50164943, Rosalie Iwig, Listing Office: Realty Executives Home Towne Shelby
$2,433 Closing Credit¹
#20250003420, Jason Floare, Listing Office: Top Agent Realty
$5,878 Closing Credit¹
#50164909, Susan M. Foster, Listing Office: Coldwell Banker Professionals
$7,422 Closing Credit¹
#72025002212, Kelly Eckhardt, Listing Office: Five Star Real Estate - Mitchell St
$6,174 Closing Credit¹
#20250003425, Ron Trombetti, Listing Office: Keller Williams Lakeside
$2,838 Closing Credit¹
#20250003061, Paul Linville, Listing Office: Berkshire Hathaway HomeServices Kee Realty SCS
$3,087 Closing Credit¹
#50164304, Joan Schinderle-King, Listing Office: Realty Executives Home Towne Chesterfield
$6,174 Closing Credit¹
#20250001654, Adriana Sarti, Listing Office: Realty Executives Home Towne
$5,047 Closing Credit¹
#20250001280, Charles Younkin, Listing Office: KW Professionals Brighton
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., MiRealSource Inc. DL, Michigan Regional Information Center LLC, and Water Wonderland MLS Inc. for the period 02/01/2023 - 02/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
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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: 2/6/2025, 9:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/6/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/6/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.