Is Hartland, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hartland is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Hartland, MI

How much do homes in Hartland, MI cost?

Median Sold Price

$390,750

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$18,750(+5.0%)

Key Takeaway

Homes in Hartland have sold for 5% more than they did a year ago.

Summary: The median home sold price in Hartland was $390,750 in September 2024, up 5% from last year, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $112.5K-
N/A
2 $272.5K$272.5K
0.0%
3 $362.5K$384.5K
+6.1%
4 $469.7K$451.9K
-3.8%
5+ $540K$387K
-28.3%

Summary: Hartland 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 did not change, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 28.3%.

Median Sold Price Compared To Nearby Cities

Highland
+11.9%
Highland Charter Township
+8.2%
Hartland
+5.0%
Fenton
+1.3%
Hartland Township
-3.5%

Housing Supply in Hartland, MI

How many homes are available in Hartland, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1815-16.7%

Summary: The Hartland real estate market had 15 homes for sale in September 2024, a 16.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 68
+33.3%
4 75
-28.6%
5+ 31
-66.7%

Summary: The Hartland 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 50%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hartland, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hartland in September 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Hartland, MI

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

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days39 Days+26.8%

Summary: Homes in Hartland had an average of 39 days on market in Sep 2024, up by 26.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Hartland; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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

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