$45,000
10.00 Acres
Land
Gabriel Jay Starks, Listing Office: Berkshire Hathaway HomeServices
Is Hayes Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hayes Township was a Seller's Market.
Key Takeaway
Hayes Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hayes Township, MI
How much do homes in Hayes Township, MI cost?
Median Sold Price
$275,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+9.6%)
Key Takeaway
Homes in Hayes Township have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Hayes Township was $275,000 in October 2024, up 9.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $222.5K | $210K | -5.6% |
| 3 Bedrooms | $249.9K | $269.1K | +7.7% |
| 4 Bedrooms | $360K | $400K | +11.1% |
| 5+ Bedrooms | $427.5K | $419K | -2.0% |
Summary: Hayes Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Hayes Township | $251K | $275K | +9.6% |
| Otsego Lake Township | $290.5K | $307.5K | +5.9% |
| Elmira Township | $253K | $267.5K | +5.7% |
| Elmira | $245K | $249.9K | +2.0% |
| Bagley Township | $283.6K | $275K | -3.0% |
Housing Supply in Hayes Township, MI
How many homes are available in Hayes Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Summary: The Hayes Township real estate market had 19 homes for sale in October 2024, a 9.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hayes Township housing inventory by bedroom type for October 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 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hayes Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Hayes Township in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hayes Township, MI
We’re sorry, we don't have information for this market at the moment
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