$4,097 Closing Credit*
$345,000
1,766 SqFt
4 Beds
•1 Full Bath
Garrett Senters, Listing Office: RE/MAX Lakeshore
Is Hope 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, Hope Township was a Seller's Market.
Key Takeaway
Hope Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hope Township, MI
How much do homes in Hope Township, MI cost?
Median Sold Price
$250,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,000(+5.0%)
Key Takeaway
Homes in Hope Township have sold for 5% more than they did a year ago.
Summary: The median home sold price in Hope Township was $250,000 in October 2024, up 5% 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 | $95K | $190K | +100.0% |
| 2 Bedrooms | $225K | $271K | +20.4% |
| 3 Bedrooms | $227K | $235K | +3.5% |
| 4 Bedrooms | $270K | $325K | +20.4% |
| 5+ Bedrooms | $240K | $526.4K | +119.4% |
Summary: Hope Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 119.4%.
Median Sold Price Compared To Nearby Cities
| Delton | $245K | $294.5K | +20.2% |
| Hope Township | $238K | $250K | +5.0% |
| Rutland Charter Township | $305K | $305K | 0.0% |
Housing Supply in Hope Township, MI
How many homes are available in Hope Township, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 24 | -7.7% |
Summary: The Hope Township real estate market had 24 homes for sale in October 2024, a 7.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hope 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 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hope 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 Hope Township in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Hope Township, MI
How long does it take to sell a home in Hope Township, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 25 Days | -47.2% |
Summary: Homes in Hope Township had an average of 25 days on market in Oct 2024, down by 47.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hope Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Hope Township; 67% of homes were sold within 30 days, 33% 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.