15 homes sold in Banks Township in the last year, at a typical $358K
Redfin reports Banks Township’s sales by ZIP code, so these figures are for ZIP 49729, which takes in Banks Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for and a shortcut to every site where Banks Township homes are listed.
Every place Banks Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Banks Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 0% of Banks Township’s sales, at a typical — (year to May 2026)
15 homes sold in the year to September 2026.
More homes sell than most years, at 1.2 times the 2016 price
15 sales in the last year, against 19 in 2020 and a low of 3 in 2012. The typical sale went from $304K in 2016 to $358K.
Source: Redfin Data Center, MLS sales; for ZIP 49729, which takes in Banks Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Owning the typical Banks Township home costs about $2,103 a month
Price: Banks Township’s typical sale, last 12 months. Property tax at Banks Township’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Banks Township is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $358K home, about $2,830 a year.
Taxes vs. neighborsSchools
The schools grade for Banks Township, from test results, graduation and how much students grow.
Schools in Banks TownshipTypical commute
The average one-way trip to work for people who live in Banks Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Post your home to Banks Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Banks Township. People who follow the town see it, and so do people comparing Banks Township with their own town. No commission, no listing fee.
Questions about buying a home in Banks Township
What do homes sell for in Banks Township, MI?
15 homes sold in the year to September 2026 at a typical $358K, $230 a square foot.
Is Banks Township a buyer’s or seller’s market?
A buyer’s market: 13 homes were for sale in September 2026 and 2 sold, about 6.5 months of supply. Buyers paid 95.8% of asking on average.
How much are property taxes in Banks Township?
About 0.8% of a home’s value a year. On a $358K home that’s near $2,830.
Where can I see homes for sale in Banks Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Banks Township’s MLS listings; the search links above open each one filtered to Banks Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 49729, which takes in Banks Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).