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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrison is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Harrison has remained a Seller's Market.

Key Takeaway

Harrison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Harrison, MI

How much do homes in Harrison, MI cost?

Median Sold Price

$115,000

$112/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+15.0%)

Key Takeaway

Homes in Harrison have sold for 15% more than they did a year ago.

Summary: The median home sold price in Harrison was $115,000 in November 2024, up 15% from last year, and the median price per square foot was $112.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $70K$79.9K
+14.1%
2 $80K$91K
+13.8%
3 $113.5K$155K
+36.6%
4 $144.5K$184.4K
+27.6%
5+ $465K$340K
-26.9%

Summary: Harrison housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 36.6%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes decreased by 26.9%.

Median Sold Price Compared To Nearby Cities

Hayes Township
+31.4%
Harrison
+15.0%

Housing Supply in Harrison, MI

How many homes are available in Harrison, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
126105-16.7%

Summary: The Harrison real estate market had 105 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 98
-11.1%
2 5844
-24.1%
3 5043
-14.0%
4 67
+16.7%
5+ 33
0.0%

Summary: The Harrison housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 24.1%, 3 bedroom homes decreased by 14%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3122-29.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 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. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Harrison in November 2024, down by 29.0% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% 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

Nov 2023Nov 2024CHANGE
132 Days79 Days-40.1%

Summary: Homes in Harrison had an average of 79 days on market in Nov 2024, down by 40.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were 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 November 2024, 22 homes were sold in Harrison; 14% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 32% 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 2 Days Ago

Newest Listings in Harrison, MI

Nearby Markets to Harrison, MI

What housing markets are near Harrison, MI?