Is Handy Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Handy Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Handy Township has remained a Seller's Market.

Key Takeaway

Handy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Handy Township, MI

How much do homes in Handy Township, MI cost?

Median Sold Price

$311,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$31,000(+11.1%)

Key Takeaway

Homes in Handy Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Handy Township was $311,000 in September 2024, up 11.1% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $187K$200K
+7.0%
3 $277.5K$300K
+8.1%
4 $325K$335.9K
+3.3%
5+ $285K$520K
+82.5%

Summary: Handy Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 82.5%.

Median Sold Price Compared To Nearby Cities

Handy Township
+11.1%
Fowlerville
+7.5%
Howell Township
-0.7%
Conway Township
-1.9%

Housing Supply in Handy Township, MI

How many homes are available in Handy Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3221-34.4%

Summary: The Handy Township real estate market had 21 homes for sale in September 2024, a 34.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 127
-41.7%
4 1613
-18.8%
5+ 10
-100.0%

Summary: The Handy Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
147-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Handy Township, expect to pay close to the asking price. 85.7% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Handy Township in September 2024, down by 50.0% month-over-month. Of the 7 sold homes, 0% were sold under asking, 86% were sold at asking, and 14% were sold over asking.

Days on Market for Handy Township, MI

How long does it take to sell a home in Handy Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
7 Days51 Days+606.2%

Summary: Homes in Handy Township had an average of 51 days on market in Sep 2024, up by 606.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Handy Township are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Handy Township; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Handy Township, MI

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