$1,958 Closing Credit*
$164,900
Kay L Stolsonburg, Listing Office: Bellabay Realty (Middleville)
Is Hastings, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hastings has remained a Seller's Market.
Key Takeaway
Hastings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hastings, MI
How much do homes in Hastings, MI cost?
Median Sold Price
$251,750
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,750(+14.4%)
Key Takeaway
Homes in Hastings have sold for 14.4% more than they did a year ago.
Summary: The median home sold price in Hastings was $251,750 in November 2024, up 14.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $134.5K | +68.1% |
| 2 Bedrooms | $167K | $230K | +37.7% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $268K | $279.9K | +4.4% |
| 5+ Bedrooms | $314.6K | $353.2K | +12.3% |
Summary: Hastings housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 68.1%, 2 bedroom homes increased by 37.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
| Hastings Charter Township | $219.4K | $251.7K | +14.7% |
| Hastings | $220K | $251.7K | +14.4% |
Housing Supply in Hastings, MI
How many homes are available in Hastings, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 75 | -17.6% |
Summary: The Hastings real estate market had 75 homes for sale in November 2024, a 17.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 41 | 30 | -26.8% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Hastings 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 decreased by 26.8%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hastings, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Hastings in November 2024, up by 8.0% month-over-month. Of the 27 sold homes, 56% were sold under asking, 19% were sold at asking, and 26% were sold over asking.
Days on Market for Hastings, MI
How long does it take to sell a home in Hastings, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 35 Days | -15.4% |
Summary: Homes in Hastings had an average of 35 days on market in Nov 2024, down by 15.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hastings are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 27 homes were sold in Hastings; 78% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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