$3,503 Closing Credit*
$295,000
1,120 SqFt
3 Beds
•2 Full Baths, 1 Partial
Linda Streur, Listing Office: RE/MAX Lakeshore
Is Hamilton 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, Hamilton Township has remained a Seller's Market.
Key Takeaway
Hamilton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hamilton Township, MI
How much do homes in Hamilton Township, MI cost?
Median Sold Price
$289,200
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,800(-9.3%)
Key Takeaway
Homes in Hamilton Township have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Hamilton Township was $289,200 in October 2024, down 9.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174K | $96K | -44.8% |
| 2 Bedrooms | $297.6K | $187.5K | -37.0% |
| 3 Bedrooms | $271.7K | $296.7K | +9.2% |
| 4 Bedrooms | $375K | $350K | -6.7% |
| 5+ Bedrooms | $912.4K | $548K | -39.9% |
Summary: Hamilton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.8%, 2 bedroom homes decreased by 37%, 3 bedroom homes increased by 9.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 39.9%.
Median Sold Price Compared To Nearby Cities
| Hamilton Township | $319K | $289.2K | -9.3% |
| Sage Township | $245K | $170K | -30.6% |
Housing Supply in Hamilton Township, MI
How many homes are available in Hamilton Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 40 | -4.8% |
Summary: The Hamilton Township real estate market had 40 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 13 | +8.3% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hamilton 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 8.3%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hamilton Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hamilton Township in October 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Hamilton Township, MI
How long does it take to sell a home in Hamilton Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 66 Days | +29.7% |
Summary: Homes in Hamilton Township had an average of 66 days on market in Oct 2024, up by 29.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hamilton Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Hamilton Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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