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 Last Month

Since last month, 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

$790,000

$292/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$385,000(+95.1%)

Key Takeaway

Homes in Hayes Township have sold for 95.1% more than they did a month ago.

Summary: The median home sold price in Hayes Township was $790,000 in October 2024, up 95.1% from last month, and the median price per square foot was $292.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$790K
N/A
2 --
N/A
3 $405K-
N/A
4 --
N/A
5+ -$1.6M
N/A

Summary: Hayes Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hayes Township, MI

How many homes are available in Hayes Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
911+22.2%

Summary: The Hayes Township real estate market had 11 homes for sale in October 2024, a 22.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 54
-20.0%
4 13
+200.0%
5+ 33
0.0%

Summary: The Hayes Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Hayes Township in October 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hayes Township, MI

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

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Hayes Township; 33% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Hayes Township, MI

Nearby Markets to Hayes Township, MI

What housing markets are near Hayes Township, MI?