Is Horton Township, 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 Township has remained a Seller's Market.
Key Takeaway
Horton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Horton Township, MI
How much do homes in Horton Township, MI cost?
Median Sold Price
$241,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Horton Township have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Horton Township was $241,000 in May 2024, up 13.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $232.5K | $144.5K | -37.8% |
| 3 Bedrooms | $165K | $260K | +57.6% |
| 4 Bedrooms | $245K | $350K | +42.9% |
| 5+ Bedrooms | $600K | $425K | -29.2% |
Summary: Horton Township 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 decreased by 37.8%, 3 bedroom homes increased by 57.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
| Horton Township | $212.5K | $241K | +13.4% |
| West Branch Township | $172.4K | $192K | +11.3% |
| Churchill Township | $200K | $194.9K | -2.5% |
| Mills Township | $95.5K | $82.5K | -13.6% |
Housing Supply in Horton Township, MI
How many homes are available in Horton Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Summary: The Horton Township real estate market had 18 homes for sale in May 2024, a 10.0% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Horton Township 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 decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Horton Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Horton Township in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.
Days on Market for Horton Township, MI
How long does it take to sell a home in Horton Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 26 Days | -56.2% |
Summary: Homes in Horton Township had an average of 26 days on market in May 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Horton Township has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Horton Township; 43% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.