Is Hastings, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hastings has remained a Seller's Market.
Housing Prices in Hastings, MI
How much do homes in Hastings, MI cost?
Median Sold Price
$240,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hastings was $240,000 in May 2024, up 5.3% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $105.5K | $129K | +22.2% |
2 Bedrooms | $169K | $185K | +9.5% |
3 Bedrooms | $220K | $246.5K | +12.0% |
4 Bedrooms | $284.2K | $250K | -12.0% |
5+ Bedrooms | $321K | $389K | +21.2% |
Summary: Hastings housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 21.2%.
Median Sold Price Compared To Nearby Cities
Rutland Charter Township | $286K | $306.5K | +7.2% |
Hastings Charter Township | $226K | $240K | +6.2% |
Hastings | $228K | $240K | +5.3% |
Housing Supply in Hastings, MI
How many homes are available in Hastings, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 69 | +11.3% |
Summary: The Hastings real estate market had 69 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 17 | 20 | +17.6% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Hastings housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Hastings in May 2024, up by 20.0% month-over-month. Of the 24 sold homes, 21% were sold under asking, 38% were sold at asking, and 42% were sold over asking.
Days on Market for Hastings, MI
How long does it take to sell a home in Hastings, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 26 Days | -6.1% |
Summary: Homes in Hastings had an average of 26 days on market in May 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Hastings; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.