Is Hart, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hart was a Seller's Market.
Key Takeaway
Hart is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hart, MI
How much do homes in Hart, MI cost?
Median Sold Price
$230,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hart have sold for 7% more than they did a year ago.
Summary: The median home sold price in Hart was $230,000 in May 2024, up 7% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | - | N/A |
| 2 Bedrooms | $127K | $190K | +49.6% |
| 3 Bedrooms | $233K | $225K | -3.4% |
| 4 Bedrooms | $180K | $290K | +61.1% |
| 5+ Bedrooms | $232.5K | $327.5K | +40.9% |
Summary: Hart housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 61.1%, and 5+ bedroom homes increased by 40.9%.
Median Sold Price Compared To Nearby Cities
| Mears | $310K | $427.5K | +37.9% |
| Hart | $215K | $230K | +7.0% |
| Hart Township | $215K | $230K | +7.0% |
Housing Supply in Hart, MI
How many homes are available in Hart, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Hart real estate market had 20 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hart housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hart, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hart in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 87 Days | 54 Days | -37.9% |
Summary: Homes in Hart had an average of 54 days on market in May 2024, down by 37.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hart are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Hart; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
