Rust Township Housing Market Report December 2024•Montmorency County, Michigan

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Housing Prices in Rust Township, MI

How much do homes in Rust Township, MI cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$199,900$152/SqFt
-$54,350
-21.4%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Rust Township has decreased by 21.4% since last year.

Summary: The median home list price in Rust Township was $199,900 in December 2024, down 21.4% from the previous year, and the median price per square foot was $152.

Median List Price By City

Median List Price By City
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
Green Township
+59.5%
Lachine
+36.4%
Hillman Township
+19.4%
Comins
+8.2%
Rust Township
-21.4%

Median List Price By Bedrooms

Median List 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.
BedsDec 2023Dec 2024Change YoY
1-$249.4K
N/A
2-$151.9K
N/A
3$183.5K$190K
+3.5%
4--
N/A
5$1.7M$212.9K
-87.7%

Summary: Rust 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 did not change. The home price for 3 bedroom homes increased by +3.5%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -87.7%.

Housing supply in Rust Township, MI

How many homes are available in Rust 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
5Last MonthDec 2024
32 months agoNov 2024
+66.7 %
Change MoMNov – Dec

Summary: The Rust Township real estate market had 5 homes for sale in Dec 2024, a 66.7 % increase compared to Nov 2024.

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.
BedsNov 2024Dec 2024Change MoM
111
0.0%
200
0.0%
313
+200.0%
400
0.0%
511
0.0%

Summary: Rust 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 increased by +200.0%. 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 Rust 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 Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Rust Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Rust Township in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.

Days on Market for Rust Township, MI

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

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
96 DaysThis YearDec 2024
266 Days1 year agoDec 2023
-63.9 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Rust Township had an average listing age of 96 days in Dec 2024, down by 63.9% compared to the previous year.

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Newest Listings in Rust Township, MI

What homes are available in Rust Township, MI?

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MLS Disclaimers and Copyright

Based on information from Water Wonderland MLS Inc., for the period 01/01/2023 - 01/01/2025

IDX © 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: 1/31/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.