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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harrison Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Harrison Township, MI

How much do homes in Harrison Township, MI cost?

Median Sold Price

$287,500

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,500(+22.3%)

Key Takeaway

Homes in Harrison Township have sold for 22.3% more than they did a year ago.

Summary: The median home sold price in Harrison Township was $287,500 in October 2024, up 22.3% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $119.9K$99.9K
-16.7%
2 $175.2K$186K
+6.1%
3 $270K$335K
+24.1%
4 $385K$510K
+32.5%
5+ $314.9K$520K
+65.1%

Summary: Harrison Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 65.1%.

Median Sold Price Compared To Nearby Cities

Harrison Township
+22.3%
Clinton Charter Township
+11.1%
Clinton Township
+11.1%
Harrison Charter Township
+2.6%
Mount Clemens
+0.6%

Housing Supply in Harrison Township, MI

How many homes are available in Harrison Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
107115+7.5%

Summary: The Harrison Township real estate market had 115 homes for sale in October 2024, a 7.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 3338
+15.2%
3 4548
+6.7%
4 2422
-8.3%
5+ 23
+50.0%

Summary: The Harrison Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2231+40.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harrison Township, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Harrison Township in October 2024, up by 40.9% month-over-month. Of the 31 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.

Days on Market for Harrison Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days22 Days+29.3%

Summary: Homes in Harrison Township had an average of 22 days on market in Oct 2024, up by 29.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 31 homes were sold in Harrison Township; 77% of homes were sold within 30 days, 23% 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 4 Days Ago

Newest Listings in Harrison Township, MI

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