$5,343 Closing Credit*
$449,900
1,387 SqFt
2 Beds
•1 Full Bath
Christine Stapleton, Listing Office: Stapleton Realty
Is Honor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Honor has remained a Seller's Market.
Key Takeaway
Honor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Honor, MI
How much do homes in Honor, MI cost?
Median Sold Price
$379,900
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$114,900(+43.4%)
Key Takeaway
Homes in Honor have sold for 43.4% more than they did a year ago.
Summary: The median home sold price in Honor was $379,900 in November 2024, up 43.4% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | - | N/A |
| 2 Bedrooms | $270K | $343.5K | +27.2% |
| 3 Bedrooms | $265K | $381.2K | +43.8% |
| 4 Bedrooms | $356.9K | $327K | -8.4% |
| 5+ Bedrooms | - | $1.8M | N/A |
Summary: Honor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 43.8%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.
Housing Supply in Honor, MI
How many homes are available in Honor, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Honor real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 5 | 2 | -60.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Honor 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honor, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Honor in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Honor, MI
How long does it take to sell a home in Honor, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 81 Days | +75.3% |
Summary: Homes in Honor had an average of 81 days on market in Nov 2024, up by 75.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Honor has remained consistent over time.
Summary: During November 2024, 2 homes were sold in Honor; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
