Is Hartford, 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, Hartford has remained a Seller's Market.
Key Takeaway
Hartford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hartford, MI
How much do homes in Hartford, MI cost?
Median Sold Price
$150,500
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hartford have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Hartford was $150,500 in May 2024, down 6.5% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $77.5K | N/A |
| 2 Bedrooms | $150K | $105K | -30.0% |
| 3 Bedrooms | $161.5K | $161K | -0.3% |
| 4 Bedrooms | $148K | $161K | +8.8% |
| 5+ Bedrooms | $250K | $65K | -74.0% |
Summary: Hartford 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 decreased by 30%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 74%.
Median Sold Price Compared To Nearby Cities
| Hartford Township | $155.7K | $160K | +2.7% |
| Hartford | $161K | $150.5K | -6.5% |
Housing Supply in Hartford, MI
How many homes are available in Hartford, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The Hartford real estate market had 18 homes for sale in May 2024, a 63.6% 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 | 4 | 5 | +25.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hartford 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 increased by 25%, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hartford, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hartford in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hartford, MI
How long does it take to sell a home in Hartford, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 64 Days | +135.6% |
Summary: Homes in Hartford had an average of 64 days on market in May 2024, up by 135.6% 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
Key Takeaway
Many homes in Hartford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Hartford; 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.
