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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillman Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Hillman Township was a Seller's Market.

Key Takeaway

Hillman 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 Hillman Township, MI

How much do homes in Hillman Township, MI cost?

Median Sold Price

$195,600

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$52,460(+36.6%)

Key Takeaway

Homes in Hillman Township have sold for 36.6% more than they did a year ago.

Summary: The median home sold price in Hillman Township was $195,600 in October 2024, up 36.6% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$225.1K
N/A
2 $124K$115K
-7.3%
3 $185K$210K
+13.5%
4 $140K$340K
+142.9%
5+ -$1.1M
N/A

Summary: Hillman 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 7.3%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 142.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hillman
+50.9%
Hillman Township
+36.6%
Atlanta
+14.8%

Housing Supply in Hillman Township, MI

How many homes are available in Hillman Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2021+5.0%

Summary: The Hillman Township real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1011
+10.0%
4 11
0.0%
5+ 34
+33.3%

Summary: The Hillman 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 decreased by 16.7%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillman Township, 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 Hillman Township in October 2024, down by 40.0% 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 Hillman Township, MI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Hillman Township, MI

Nearby Markets to Hillman Township, MI

What housing markets are near Hillman Township, MI?