Is Harmony VIllage, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harmony VIllage is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Harmony VIllage was a Seller's Market.

Key Takeaway

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

Housing Prices in Harmony VIllage, MI

How much do homes in Harmony VIllage, MI cost?

Median Sold Price

$76,500

$54/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,500(+25.4%)

Key Takeaway

Homes in Harmony VIllage have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in Harmony VIllage was $76,500 in November 2024, up 25.4% from last year, and the median price per square foot was $54.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $93K$130K
+39.8%
2 $42.5K$47.7K
+12.4%
3 $60.7K$80K
+31.7%
4 $71K$74.5K
+4.9%
5+ $132.5K$116.6K
-11.9%

Summary: Harmony VIllage housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.8%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Neighborhoods

Fitzgerald
+49.1%
Harmony VIllage
+25.4%
Bagley
+8.4%

Housing Supply in Harmony VIllage, MI

How many homes are available in Harmony VIllage, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
129134+3.9%

Summary: The Harmony VIllage real estate market had 134 homes for sale in November 2024, a 3.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 8886
-2.3%
4 2831
+10.7%
5+ 67
+16.7%

Summary: The Harmony VIllage 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 increased by 42.9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2711-59.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harmony VIllage, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Harmony VIllage in November 2024, down by 59.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 0% were sold at asking, and 64% were sold over asking.

Days on Market for Harmony VIllage, MI

How long does it take to sell a home in Harmony VIllage, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days20 Days-64.6%

Summary: Homes in Harmony VIllage had an average of 20 days on market in Nov 2024, down by 64.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Harmony VIllage; 73% of homes were sold within 30 days, 27% 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 21 Days Ago

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