$4,156 Closing Credit*
$350,000
1,924 SqFt
3 Beds
•1 Full Bath, 1 Partial
David Mueller, Listing Office: Real Broker, LLC.
Is Hamburg Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hamburg Township has remained a Seller's Market.
Key Takeaway
Hamburg Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamburg Township, MI
How much do homes in Hamburg Township, MI cost?
Median Sold Price
$421,500
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,500(+5.4%)
Key Takeaway
Homes in Hamburg Township have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Hamburg Township was $421,500 in November 2024, up 5.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $290K | +37.1% |
| 2 Bedrooms | $372.5K | $300K | -19.5% |
| 3 Bedrooms | $360K | $397.5K | +10.4% |
| 4 Bedrooms | $485K | $480K | -1.0% |
| 5+ Bedrooms | $499.5K | $547.5K | +9.6% |
Summary: Hamburg Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Whitmore Lake | $365K | $410K | +12.3% |
| Hamburg Township | $400K | $421.5K | +5.4% |
| Brighton | $420K | $429.3K | +2.2% |
Housing Supply in Hamburg Township, MI
How many homes are available in Hamburg Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 71 | 65 | -8.5% |
Summary: The Hamburg Township real estate market had 65 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Hamburg Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 15 | -40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Hamburg Township in November 2024, down by 40.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Hamburg Township, MI
How long does it take to sell a home in Hamburg Township, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 32 Days | -2.8% |
Summary: Homes in Hamburg Township had an average of 32 days on market in Nov 2024, down by 2.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hamburg Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Hamburg Township; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.