$7,719 Closing Credit*
$650,000
2,354 SqFt
3 Beds
•3 Full Baths
Deborah A Dehart, Listing Office: Real Estate One-Commerce
Is Highland Charter 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, Highland Charter Township was a Seller's Market.
Key Takeaway
Highland Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Highland Charter Township, MI
How much do homes in Highland Charter Township, MI cost?
Median Sold Price
$342,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,500(+3.8%)
Key Takeaway
Homes in Highland Charter Township have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Highland Charter Township was $342,500 in October 2024, up 3.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231.5K | $288K | +24.4% |
| 2 Bedrooms | $185K | $188.1K | +1.7% |
| 3 Bedrooms | $287.2K | $316K | +10.0% |
| 4 Bedrooms | $450K | $525K | +16.7% |
| 5+ Bedrooms | $490K | $580K | +18.4% |
Summary: Highland Charter Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.4%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $446K | $490K | +9.9% |
| Highland | $319K | $347.5K | +8.9% |
| Hartland | $369K | $389K | +5.4% |
| Highland Charter Township | $330K | $342.5K | +3.8% |
| Hartland Township | $425K | $429K | +0.9% |
Housing Supply in Highland Charter Township, MI
How many homes are available in Highland Charter Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 71 | +6.0% |
Summary: The Highland Charter Township real estate market had 71 homes for sale in October 2024, a 6.0% 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 | 6 | 8 | +33.3% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Highland Charter 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 increased by 33.3%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Charter Township, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Highland Charter Township in October 2024, down by 42.1% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Highland Charter Township, MI
How long does it take to sell a home in Highland Charter Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 37 Days | +4.2% |
Summary: Homes in Highland Charter Township had an average of 37 days on market in Oct 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Highland Charter Township; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.