$1,068 Closing Credit*
$89,900
839 SqFt
2 Beds
•1 Full Bath
Amber Hedin, Listing Office: NHL Real Estate
Is Harper Woods, 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, Harper Woods has remained a Seller's Market.
Key Takeaway
Harper Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harper Woods, MI
How much do homes in Harper Woods, MI cost?
Median Sold Price
$148,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,300(+8.3%)
Key Takeaway
Homes in Harper Woods have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Harper Woods was $148,000 in October 2024, up 8.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $49.5K | +30.3% |
| 2 Bedrooms | $72.4K | $100K | +38.0% |
| 3 Bedrooms | $150K | $155K | +3.4% |
| 4 Bedrooms | $173K | $185.7K | +7.4% |
| 5+ Bedrooms | $286K | $251.2K | -12.2% |
Summary: Harper Woods housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.3%, 2 bedroom homes increased by 38%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
| Eastpointe | $141.5K | $159.9K | +13.0% |
| Saint Clair Shores | $210K | $235K | +11.9% |
| Grosse Pointe Woods | $302.5K | $330K | +9.1% |
| Harper Woods | $136.7K | $148K | +8.3% |
| Detroit | $79.7K | $85K | +6.6% |
Housing Supply in Harper Woods, MI
How many homes are available in Harper Woods, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 113 | 121 | +7.1% |
Summary: The Harper Woods real estate market had 121 homes for sale in October 2024, a 7.1% increase 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 | 24 | 28 | +16.7% |
| 3 Bedrooms | 80 | 80 | 0.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Harper Woods 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harper Woods, you could pay more than the asking price. 47.8% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Harper Woods in October 2024, up by 4.5% month-over-month. Of the 23 sold homes, 22% were sold under asking, 30% were sold at asking, and 48% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 30 Days | +43.7% |
Summary: Homes in Harper Woods had an average of 30 days on market in Oct 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harper Woods are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 23 homes were sold in Harper Woods; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% 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.