Is Harsens Island, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harsens Island is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Harsens Island has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Harsens Island, MI

How much do homes in Harsens Island, MI cost?

Median Sold Price

$580,000

$338/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$81,000(+16.2%)

Key Takeaway

Homes in Harsens Island have sold for 16.2% more than they did a month ago.

Summary: The median home sold price in Harsens Island was $580,000 in November 2024, up 16.2% from last month, and the median price per square foot was $338.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$290K
N/A
3 $344.5K$580K
+68.4%
4 $1.0M$1.2M
+20.0%
5+ --
N/A

Summary: Harsens Island housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 68.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes did not change.

Housing Supply in Harsens Island, MI

How many homes are available in Harsens Island, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Harsens Island real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Harsens Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harsens Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Harsens Island in November 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Harsens Island, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
22 Days147 Days+569.7%

Summary: Homes in Harsens Island had an average of 147 days on market in Nov 2024, up by 569.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Harsens Island are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in Harsens Island; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

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