$2,933 Closing Credit*
$247,000
1,184 SqFt
3 Beds
•1 Full Bath
#50163224, Susan Parker, Listing Office: Century 21 Professionals
Is Harper Woods, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Harper Woods was a Seller's Market.
Key Takeaway
Harper Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Harper Woods, MI
How much do homes in Harper Woods, MI cost?
Median Sold Price
$149,500
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,500(+10.7%)
Key Takeaway
Homes in Harper Woods have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Harper Woods was $149,500 in November 2024, up 10.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30K | $49.5K | +65.0% |
| 2 Bedrooms | $73K | $100K | +37.0% |
| 3 Bedrooms | $148K | $152K | +2.7% |
| 4 Bedrooms | $160K | $195K | +21.9% |
| 5+ Bedrooms | $260K | $237K | -8.8% |
Summary: Harper Woods housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 65%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Eastpointe | $143.8K | $159.9K | +11.2% |
| Harper Woods | $135K | $149.5K | +10.7% |
| Grosse Pointe Woods | $300K | $330K | +10.0% |
| Saint Clair Shores | $214.7K | $235K | +9.4% |
| Detroit | $78.3K | $85K | +8.5% |
Housing Supply in Harper Woods, MI
How many homes are available in Harper Woods, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 | 107 | -6.1% |
Summary: The Harper Woods real estate market had 107 homes for sale in November 2024, a 6.1% decrease 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 | 27 | 29 | +7.4% |
| 3 Bedrooms | 77 | 66 | -14.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Harper Woods 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 7.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 9 | -65.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harper Woods, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Harper Woods in November 2024, down by 65.4% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.
Days on Market for Harper Woods, MI
How long does it take to sell a home in Harper Woods, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 23 Days | -23.3% |
Summary: Homes in Harper Woods had an average of 23 days on market in Nov 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Harper Woods are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Harper Woods; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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.