$4,364 Closing Credit*
$367,500
1,512 SqFt
3 Beds
•2 Full Baths
Matt Smith, Listing Office: Modern Realty
Is Hope, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Hope was a Seller's Market.
Key Takeaway
Hope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hope, MI
How much do homes in Hope, MI cost?
Median Sold Price
$465,000
$179/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$267,550(+135.5%)
Key Takeaway
Homes in Hope have sold for 135.5% more than they did a month ago.
Summary: The median home sold price in Hope was $465,000 in November 2024, up 135.5% from last month, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $197.4K | - | N/A |
| 4 Bedrooms | - | $465K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Hope 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hope | $197.4K | $465K | +135.5% |
| Hope Township | $197.4K | $465K | +135.5% |
| Edenville Township | $352.5K | $350.5K | -0.5% |
Housing Supply in Hope, MI
How many homes are available in Hope, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Hope real estate market had 9 homes for sale in November 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Hope 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 decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Hope in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Hope, MI
How long does it take to sell a home in Hope, MI?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 85 Days | +51.1% |
Summary: Homes in Hope had an average of 85 days on market in Nov 2024, up by 51.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hope has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Hope; 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.