$5,224 Closing Credit*
$439,900
3,492 SqFt
5 Beds
•4 Full Baths
Nicole Freed, Listing Office: Coldwell Banker Professionals
Is Hope Township, 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, Hope Township has remained a Seller's Market.
Key Takeaway
Hope Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hope Township, MI
How much do homes in Hope Township, MI cost?
Median Sold Price
$254,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,200(+11.5%)
Key Takeaway
Homes in Hope Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Hope Township was $254,000 in November 2024, up 11.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $190K | +100.0% |
| 2 Bedrooms | $194.5K | $275K | +41.4% |
| 3 Bedrooms | $216K | $247.5K | +14.6% |
| 4 Bedrooms | $270K | $308.2K | +14.2% |
| 5+ Bedrooms | $266K | $526.4K | +97.9% |
Summary: Hope Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 97.9%.
Median Sold Price Compared To Nearby Cities
| Barry Township | $211K | $300K | +42.2% |
| Delton | $247.4K | $294.5K | +19.0% |
| Hope Township | $227.8K | $254K | +11.5% |
Housing Supply in Hope Township, MI
How many homes are available in Hope Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Summary: The Hope Township real estate market had 25 homes for sale in November 2024, a 3.8% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 10 | -28.6% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Hope Township 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 28.6%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hope Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hope Township in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 36 Days | +68.5% |
Summary: Homes in Hope Township had an average of 36 days on market in Nov 2024, up by 68.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were 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 November 2024, 6 homes were sold in Hope Township; 50% of homes were sold within 30 days, 50% 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.