The Banks housing market is very competitive. The median sale price of a home in Banks was $123K last month, up 46.9% since last year. The median sale price per square foot in Banks is $87, down 8.4% since last year.
In February 2025, Banks home prices were up 46.9% compared to last year, selling for a median price of $123K. On average, homes in Banks sell after 24 days on the market compared to 47 days last year. There were 11 homes sold in February this year, down from 20 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$123,000
+46.9% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Banks, MI
$123,000
+46.9%
United States
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How hot is the Banks housing market?
Banks is very competitive. Homes sell in 20 days.
0
100
84
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 1% below list price and go pending in around 20 days.
Hot homes
can sell for about 3% above list price and go pending in around 6 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.5%
+1.8 pt YoY | Feb 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
24% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Banks has a minor risk of flooding. 121 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.