The Banks housing market is very competitive. The median sale price of a home in Banks was $116K last month, down 11.2% since last year. The median sale price per square foot in Banks is $121, down 5.5% since last year.
In May 2025, Banks home prices were down 11.2% compared to last year, selling for a median price of $116K. On average, homes in Banks sell after 28 days on the market compared to 28 days last year. There were 17 homes sold in May this year, up from 17 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$115,500
-11.2% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Banks, MI
$115,500
-11.2%
United States
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How hot is the Banks housing market?
Banks is very competitive. Homes sell in 24 days.
0
100
77
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 24 days.
Hot homes
can sell for about 3% above list price and go pending in around 5 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
97.7%
-2.2 pt YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Banks housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Banks.
Flood Factor - Minor
23% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Banks has a minor risk of flooding. 101 properties in Banks are likely to be
severely affected
by flooding over the next 30 years. This represents 23% of all properties in Banks. Flood risk is increasing faster than the national average.