Is Harrison, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrison is a buyer's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Harrison, MI

How much do homes in Harrison, MI cost?

Median Sold Price

$120,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,100(+25.1%)

Key Takeaway

Homes in Harrison have sold for 25.1% more than they did a year ago.

Summary: The median home sold price in Harrison was $120,000 in December 2024, up 25.1% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $90K$76K
-15.6%
2 $80K$94K
+17.5%
3 $109K$157.5K
+44.5%
4 $144.5K$219.9K
+52.2%
5+ $465K$340K
-26.9%

Summary: Harrison housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 44.5%, 4 bedroom homes increased by 52.2%, and 5+ bedroom homes decreased by 26.9%.

Median Sold Price Compared To Nearby Cities

Hayes Township
+37.7%
Harrison
+25.1%

Housing Supply in Harrison, MI

How many homes are available in Harrison, MI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9991-8.1%

Summary: The Harrison real estate market had 91 homes for sale in December 2024, a 8.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 810
+25.0%
2 4132
-22.0%
3 4036
-10.0%
4 710
+42.9%
5+ 33
0.0%

Summary: The Harrison housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 22%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
248-66.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrison, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Harrison in December 2024, down by 66.7% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.

Days on Market for Harrison, MI

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

Average Sale Time

Dec 2023Dec 2024CHANGE
36 Days50 Days+37.9%

Summary: Homes in Harrison had an average of 50 days on market in Dec 2024, up by 37.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Harrison has remained consistent over time.

Summary: During December 2024, 8 homes were sold in Harrison; 13% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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 4 Days Ago

Newest Listings in Harrison, MI

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