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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hart is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hart, MI

How much do homes in Hart, MI cost?

Median Sold Price

$250,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,100(+31.6%)

Key Takeaway

Homes in Hart have sold for 31.6% more than they did a year ago.

Summary: The median home sold price in Hart was $250,000 in November 2024, up 31.6% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$203K
+84.5%
2 $177K$204.9K
+15.8%
3 $230K$280K
+21.7%
4 $150K$257.9K
+72.0%
5+ $232.5K$232.5K
0.0%

Summary: Hart housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 84.5%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 72%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hart
+31.6%
Hart Township
+31.6%

Housing Supply in Hart, MI

How many homes are available in Hart, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2521-16.0%

Summary: The Hart real estate market had 21 homes for sale in November 2024, a 16.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 84
-50.0%
3 87
-12.5%
4 68
+33.3%
5+ 21
-50.0%

Summary: The Hart 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 decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

5 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 Hart, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Hart in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hart, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
50 Days58 Days+15.8%

Summary: Homes in Hart had an average of 58 days on market in Nov 2024, up by 15.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Hart; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 17 Days Ago

Newest Listings in Hart, MI

Nearby Markets to Hart, MI

What housing markets are near Hart, MI?