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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Higgins Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Higgins Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Higgins Township, MI

How much do homes in Higgins Township, MI cost?

Median Sold Price

$178,250

$120/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$38,250(-17.7%)

Key Takeaway

Homes in Higgins Township have sold for 17.7% less than they did a month ago.

Summary: The median home sold price in Higgins Township was $178,250 in November 2024, down 17.7% from last month, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $58K$140.5K
+142.2%
3 -$178.2K
N/A
4 $375K-
N/A
5+ --
N/A

Summary: Higgins Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 142.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Higgins Township, MI

How many homes are available in Higgins Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98-11.1%

Summary: The Higgins Township real estate market had 8 homes for sale in November 2024, a 11.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 33
0.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Higgins Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 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
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Higgins Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Higgins Township in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Higgins Township, MI

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

Average Sale Time

Oct 2024Nov 2024CHANGE
92 Days132 Days+43.5%

Summary: Homes in Higgins Township had an average of 132 days on market in Nov 2024, up by 43.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Higgins Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

Newest Listings in Higgins Township, MI

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