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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hart Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Hart Township, MI

How much do homes in Hart Township, MI cost?

Median Sold Price

$234,900

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$44,450(+23.3%)

Key Takeaway

Homes in Hart Township have sold for 23.3% more than they did a year ago.

Summary: The median home sold price in Hart Township was $234,900 in October 2024, up 23.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$138K
+25.5%
2 $155K$204.9K
+32.2%
3 $230K$251K
+9.1%
4 $150K$427.9K
+185.3%
5+ $232.5K$232.5K
0.0%

Summary: Hart Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 185.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hart Township
+23.3%
Hart
+23.3%
Golden Township
-0.7%
Mears
-4.6%

Housing Supply in Hart Township, MI

How many homes are available in Hart Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2625-3.8%

Summary: The Hart Township real estate market had 25 homes for sale in October 2024, a 3.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 78
+14.3%
3 98
-11.1%
4 66
0.0%
5+ 33
0.0%

Summary: The Hart Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hart Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Hart Township in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Hart Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
93 Days27 Days-70.5%

Summary: Homes in Hart Township had an average of 27 days on market in Oct 2024, down by 70.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Hart Township; 71% of homes were sold within 30 days, 29% 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 17 Days Ago

Newest Listings in Hart Township, MI

Nearby Markets to Hart Township, MI

What housing markets are near Hart Township, MI?