$4,750 Closing Credit*
$400,000
2,346 SqFt
3 Beds
•2 Full Baths
Javier Rodriguez, Listing Office: Lake Michigan Realty Mgmt
Is Hamilton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hamilton was a Buyer's Market.
Key Takeaway
Hamilton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamilton, MI
How much do homes in Hamilton, MI cost?
Median Sold Price
$415,000
$245/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$189,000(+83.6%)
Key Takeaway
Homes in Hamilton have sold for 83.6% more than they did a month ago.
Summary: The median home sold price in Hamilton was $415,000 in November 2024, up 83.6% from last month, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226K | $404.3K | +78.9% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $415K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Hamilton housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hamilton | $226K | $415K | +83.6% |
| Heath Township | $349.9K | $355K | +1.5% |
Housing Supply in Hamilton, MI
How many homes are available in Hamilton, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The Hamilton real estate market had 18 homes for sale in November 2024, a 5.9% increase 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Hamilton 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 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Hamilton in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Hamilton, MI
How long does it take to sell a home in Hamilton, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 3 Days | +25.0% |
Summary: Homes in Hamilton had an average of 3 days on market in Nov 2024, up by 25% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hamilton are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Hamilton; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
