Casnovia Twp Real Estate
5 active listings · 10 sold in the past 12mo
$224,900
Median List Price
10
Sold (past 12mo)
67
Avg Days on Market
-0.8%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(5)
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For Sale
1/42
$720,000
1885 Shaw Road, Bailey, MI 49303
4 bd2 ba2,188 sqft2.50 ac
Single Family
For Sale
1/16
$300,000
1031 N Newaygo Road, Bailey, MI 49303
5 bd2 ba1,954 sqft0.57 ac
Single Family
For Sale
1/2
$224,900
65 N Newaygo Road, Casnovia, MI 49318
3 bd2 ba1,488 sqft1.21 ac
Single Family
For Sale
1/3
$214,900
65 N Newaygo Road, Casnovia, MI 49318
3 bd2 ba1,488 sqft1.21 ac
Single Family
For Sale
1/23
$167,500
1773 N Newaygo Road, Bailey, MI 49303
3 bd2 ba1,298 sqft1.18 ac
Mfg Home
Recently Sold(10)
| Address | Sold Price | Date Sold |
|---|---|---|
| 15734 Hall Road, Bailey, MI 49303 | $250,000 | Apr 28, 2026 |
| 2406 Newaygo Road, Casnovia, MI 49318 | $340,000 | Apr 16, 2026 |
| 15255 Bailey Road, Bailey, MI 49303 | $230,000 | Apr 12, 2026 |
| 17474 Connor Circle, Bailey, MI 49303 | $400,000 | Mar 16, 2026 |
| 187 Behler Road, Ravenna, MI 49451 | $265,000 | Jan 27, 2026 |
| 17285 Bailey Road, Bailey, MI 49303 | $313,000 | Dec 11, 2025 |
| 275 N Brown Road, Bailey, MI 49303 | $151,000 | Oct 21, 2025 |
| 295 Shaw Road, Casnovia, MI 49318 | $210,000 | Oct 8, 2025 |
| 15330 M-46 (Apple Ave), Casnovia, MI 49318 | $82,003 | Aug 11, 2025 |
| 65 N Brown Road, Bailey, MI 49303 | $374,900 | Jul 27, 2025 |
Frequently Asked Questions about Casnovia Twp
Are there homes available in Casnovia Twp right now?
There are currently 5 active listings in Casnovia Twp. The median asking price is $224,900.
What is the median home price in Casnovia Twp?
Based on 10 sales in the past year, homes in Casnovia Twp have a median price of $224,900.
How fast do homes sell in Casnovia Twp?
Over the past year, homes in Casnovia Twp spent an average of 67 days on market before selling.
What school districts serve Casnovia Twp?
Casnovia Twp is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Casnovia Twp may be zoned for different districts. Check individual listings for the specific school district assignment.
Is Casnovia Twp a buyer's or seller's market?
With 6.0 months of inventory, Casnovia Twp is currently a balanced market. This is based on 5 active listings and 10 sales in the past 12 months.
How are property taxes calculated in Casnovia Twp?
Michigan property taxes in Casnovia Twp are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
What is the Household Formation Gap in Casnovia Twp?
Per U.S. Census ACS data, Casnovia Twp has a -0.8% Household Formation Gap — essentially flat over the past 15 years. Average household size shifted from 2.7 to 3.28, while population grew 20.5%. This secondary indicator suggests demographic housing demand has remained relatively stable.