$3,800 Closing Credit*
$320,000
1,439 SqFt
3 Beds
•2 Full Baths, 1 Partial
Scott Kroepel, Listing Office: Coldwell Banker Schmidt Newaygo
Is Hesperia, 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, Hesperia was a Neutral Market.
Key Takeaway
Hesperia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hesperia, MI
How much do homes in Hesperia, MI cost?
Median Sold Price
$235,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+56.7%)
Key Takeaway
Homes in Hesperia have sold for 56.7% more than they did a year ago.
Summary: The median home sold price in Hesperia was $235,000 in October 2024, up 56.7% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.7K | $182.5K | +5.0% |
| 2 Bedrooms | $113K | $223.7K | +98.0% |
| 3 Bedrooms | $183.9K | $240K | +30.5% |
| 4 Bedrooms | $252.4K | $237.2K | -6.0% |
| 5+ Bedrooms | $192.4K | $370K | +92.3% |
Summary: Hesperia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 98%, 3 bedroom homes increased by 30.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 92.3%.
Median Sold Price Compared To Nearby Cities
| Denver Township | $151.4K | $254K | +67.7% |
| Hesperia | $150K | $235K | +56.7% |
| Newfield Township | $150K | $210K | +40.0% |
Housing Supply in Hesperia, MI
How many homes are available in Hesperia, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 31 | +6.9% |
Summary: The Hesperia real estate market had 31 homes for sale in October 2024, a 6.9% increase 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 | 7 | 5 | -28.6% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hesperia 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 decreased by 28.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hesperia, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Hesperia in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hesperia, MI
How long does it take to sell a home in Hesperia, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 128 Days | 24 Days | -81.0% |
Summary: Homes in Hesperia had an average of 24 days on market in Oct 2024, down by 81% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hesperia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Hesperia; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
