The Banks housing market is very competitive. The median sale price of a home in Banks was $88K last month, down 19.7% since last year. The median sale price per square foot in Banks is $97, down 8.9% since last year.
In March 2024, Banks home prices were down 19.7% compared to last year, selling for a median price of $88K. On average, homes in Banks sell after 56 days on the market compared to 25 days last year. There were 18 homes sold in March this year, up from 11 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$88,250
-19.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Banks, MI
$88,250
-19.7%
United States
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How hot is the Banks housing market?
Banks is very competitive. Homes sell in 34 days.
0
100
72
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 around list price and go pending in around 34 days.
Hot homes
can sell for about 3% above list price and go pending in around 7 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
98.2%
-1.6 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Banks, MI
98.2%
-1.6 pt
United States
Home offer insights for Banks
Explore recent offers and recently sold homes in Banks
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.
Risk Factor
Flood Factor - Minor
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Banks has a minor risk of flooding. 130 properties in Banks are likely to be
severely affected
by flooding over the next 30 years. This represents 24% of all properties in Banks. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Banks has a minor risk of wildfire. There are 17 properties in Banks that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Banks.