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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayes Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Hayes Township, MI

How much do homes in Hayes Township, MI cost?

Median Sold Price

$105,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,100(+31.4%)

Key Takeaway

Homes in Hayes Township have sold for 31.4% more than they did a year ago.

Summary: The median home sold price in Hayes Township was $105,000 in November 2024, up 31.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $41K$72K
+75.6%
2 $78.5K$85K
+8.3%
3 $89.9K$149.9K
+66.7%
4 $159K$149K
-6.3%
5+ $465K$148K
-68.2%

Summary: Hayes Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 75.6%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 68.2%.

Median Sold Price Compared To Nearby Cities

Hayes Township
+31.4%
Harrison
+15.0%
Hamilton Township
-8.6%

Housing Supply in Hayes Township, MI

How many homes are available in Hayes Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4441-6.8%

Summary: The Hayes Township real estate market had 41 homes for sale in November 2024, a 6.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 2321
-8.7%
3 1515
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Hayes Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
710+42.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayes Township, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Hayes Township in November 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Hayes Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
104 Days93 Days-10.6%

Summary: Homes in Hayes Township had an average of 93 days on market in Nov 2024, down by 10.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hayes Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 10 homes were sold in Hayes Township; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% 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 Hayes Township, MI

Nearby Markets to Hayes Township, MI

What housing markets are near Hayes Township, MI?