Is Hemlock, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hemlock was a Neutral Market.
Housing Prices in Hemlock, MI
How much do homes in Hemlock, MI cost?
Median Sold Price
$198,500
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hemlock was $198,500 in April 2024, up 16.8% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $110.5K | $122K | +10.4% |
3 Bedrooms | $177K | $178.7K | +1.0% |
4 Bedrooms | $171K | $284.9K | +66.6% |
5+ Bedrooms | - | $567.5K | N/A |
Summary: Hemlock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 66.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fremont Township | $190.5K | $225K | +18.1% |
Hemlock | $170K | $198.5K | +16.8% |
Thomas Township | $185K | $200K | +8.1% |
Richland Township | $297.3K | $305K | +2.6% |
Housing Supply in Hemlock, MI
How many homes are available in Hemlock, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Summary: The Hemlock real estate market had 16 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hemlock housing inventory by bedroom type for April 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 12.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 6 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Hemlock in April 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Hemlock, MI
How long does it take to sell a home in Hemlock, MI?
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Hemlock; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.