$3,123 Closing Credit*
$263,000
1,092 SqFt
4 Beds
•1 Full Bath
Deborah Wenzel, Listing Office: Crossroads Real Estate of Brighton
Is Hamburg Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$425,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+7.6%)
Key Takeaway
Homes in Hamburg Township have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Hamburg Township was $425,000 in October 2024, up 7.6% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $211.5K | $290K | +37.1% |
| 2 Bedrooms | $370K | $315K | -14.9% |
| 3 Bedrooms | $357.2K | $397.5K | +11.3% |
| 4 Bedrooms | $475K | $490K | +3.2% |
| 5+ Bedrooms | $500K | $545K | +9.0% |
Summary: Hamburg Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
| Hamburg Township | $395K | $425K | +7.6% |
| Whitmore Lake | $365K | $390K | +6.8% |
| Brighton | $422.3K | $425K | +0.6% |
Housing Supply in Hamburg Township, MI
How many homes are available in Hamburg Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 75 | +2.7% |
Summary: The Hamburg Township real estate market had 75 homes for sale in October 2024, a 2.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 40 | 42 | +5.0% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hamburg Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 23 | +9.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamburg Township, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Hamburg Township in October 2024, up by 9.5% month-over-month. Of the 23 sold homes, 30% were sold under asking, 22% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 34 Days | +131.9% |
Summary: Homes in Hamburg Township had an average of 34 days on market in Oct 2024, up by 131.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamburg Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Hamburg Township; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
