Is Harbor Beach, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harbor Beach is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Harbor Beach was a Seller's Market.

Key Takeaway

Harbor Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Harbor Beach, MI

How much do homes in Harbor Beach, MI cost?

Median Sold Price

$42,500

$70/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$116,500(-73.3%)

Key Takeaway

Homes in Harbor Beach have sold for 73.3% less than they did a month ago.

Summary: The median home sold price in Harbor Beach was $42,500 in November 2024, down 73.3% from last month, and the median price per square foot was $70.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$42.5K
N/A
2 --
N/A
3 $159K-
N/A
4 --
N/A
5+ --
N/A

Summary: Harbor Beach 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Harbor Beach, MI

How many homes are available in Harbor Beach, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Harbor Beach real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 43
-25.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Harbor Beach 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harbor Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Harbor Beach in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Harbor Beach, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
63 Days6 Days-90.6%

Summary: Homes in Harbor Beach had an average of 6 days on market in Nov 2024, down by 90.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in Harbor Beach; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Harbor Beach, MI

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