Is Harrison Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Harrison Township has remained a Seller's Market.
Housing Prices in Harrison Township, MI
How much do homes in Harrison Township, MI cost?
Median Sold Price
$261,500
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harrison Township was $261,500 in May 2024, up 9.9% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $364K | $109.9K | -69.8% |
2 Bedrooms | $175K | $195K | +11.4% |
3 Bedrooms | $265K | $300K | +13.2% |
4 Bedrooms | $434.9K | $525K | +20.7% |
5+ Bedrooms | $484.9K | $905K | +86.6% |
Summary: Harrison Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.8%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 86.6%.
Median Sold Price Compared To Nearby Cities
Harrison Township | $237.9K | $261.5K | +9.9% |
Harrison Charter Township | $198.7K | $210K | +5.7% |
Mount Clemens | $165.5K | $171.5K | +3.6% |
Clinton Township | $228.2K | $230.5K | +1.0% |
Clinton Charter Township | $229.9K | $230.4K | 0.2% |
Housing Supply in Harrison Township, MI
How many homes are available in Harrison Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
86 | 104 | +20.9% |
Summary: The Harrison Township real estate market had 104 homes for sale in May 2024, a 20.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 32 | 32 | 0.0% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 17 | 22 | +29.4% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Harrison Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 37 | +184.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Harrison Township in May 2024, up by 184.6% month-over-month. Of the 37 sold homes, 51% were sold under asking, 16% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 35 Days | +8.9% |
Summary: Homes in Harrison Township had an average of 35 days on market in May 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in Harrison Township; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.