$2,255 Closing Credit*
$189,900
1,928 SqFt
4 Beds
•2 Full Baths
Ashley Baynham, Abby Enszer, Listing Office: Berkshire Hathaway HomeServices
Is Hemlock, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Hemlock was a Seller's Market.
Key Takeaway
Hemlock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hemlock, MI
How much do homes in Hemlock, MI cost?
Median Sold Price
$260,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$81,500(+45.7%)
Key Takeaway
Homes in Hemlock have sold for 45.7% more than they did a year ago.
Summary: The median home sold price in Hemlock was $260,000 in December 2024, up 45.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $121K | $169.9K | +40.4% |
| 3 Bedrooms | $180K | $232.5K | +29.2% |
| 4 Bedrooms | $222.5K | $352.5K | +58.4% |
| 5+ Bedrooms | $342.6K | $200K | -41.6% |
Summary: Hemlock housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.4%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 58.4%, and 5+ bedroom homes decreased by 41.6%.
Median Sold Price Compared To Nearby Cities
| Hemlock | $178.5K | $260K | +45.7% |
| Thomas Township | $194.9K | $223.9K | +14.9% |
| Richland Township | $300K | $336K | +12.0% |
| Fremont Township | $216K | $220K | +1.9% |
| Jonesfield Township | $168.5K | $137.4K | -18.4% |
Housing Supply in Hemlock, MI
How many homes are available in Hemlock, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Summary: The Hemlock real estate market had 16 homes for sale in December 2024, a 11.1% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hemlock housing inventory by bedroom type for December 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 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hemlock, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hemlock in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hemlock, MI
How long does it take to sell a home in Hemlock, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 13 Days | 2 Days | -81.7% |
Summary: Homes in Hemlock had an average of 2 days on market in Dec 2024, down by 81.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hemlock are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Hemlock; 100% 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.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.