Is Horton, 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, Horton has remained a Seller's Market.
Key Takeaway
Horton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horton, MI
How much do homes in Horton, MI cost?
Median Sold Price
$361,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Horton have sold for 53.6% more than they did a year ago.
Summary: The median home sold price in Horton was $361,000 in May 2024, up 53.6% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $235K | $410K | +74.5% |
| 3 Bedrooms | $190K | $380K | +100.0% |
| 4 Bedrooms | $245K | $347.5K | +41.8% |
| 5+ Bedrooms | $600K | $425K | -29.2% |
Summary: Horton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.5%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 41.8%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Hanover Township | $179.1K | $285K | +59.1% |
| Horton | $235K | $361K | +53.6% |
| Clarklake | $439.5K | $375K | -14.7% |
| Liberty Township | $315K | $262K | -16.8% |
Housing Supply in Horton, MI
How many homes are available in Horton, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Horton real estate market had 13 homes for sale in May 2024, a 7.1% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Horton 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 remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horton, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Horton in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Horton, MI
How long does it take to sell a home in Horton, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 34 Days | -44.0% |
Summary: Homes in Horton had an average of 34 days on market in May 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Horton has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Horton; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
