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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hopkins Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Hopkins Township has remained a Seller's Market.

Key Takeaway

Hopkins Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hopkins Township, MI

How much do homes in Hopkins Township, MI cost?

Median Sold Price

$280,000

$272/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$60,500(-17.8%)

Key Takeaway

Homes in Hopkins Township have sold for 17.8% less than they did a month ago.

Summary: The median home sold price in Hopkins Township was $280,000 in November 2024, down 17.8% from last month, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 -$262K
N/A
2 --
N/A
3 $340.5K$330K
-3.1%
4 $397.8K$280K
-29.6%
5+ --
N/A

Summary: Hopkins Township 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 decreased by 3.1%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hopkins
-1.9%
Watson Township
-13.1%
Hopkins Township
-17.8%

Housing Supply in Hopkins Township, MI

How many homes are available in Hopkins Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1110-9.1%

Summary: The Hopkins Township real estate market had 10 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 00
0.0%
3 33
0.0%
4 32
-33.3%
5+ 33
0.0%

Summary: The Hopkins 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 remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hopkins Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Hopkins Township in November 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Hopkins Township, MI

How long does it take to sell a home in Hopkins Township, MI?

Average Sale Time

Oct 2024Nov 2024CHANGE
16 Days24 Days+51.0%

Summary: Homes in Hopkins Township had an average of 24 days on market in Nov 2024, up by 51% compared to last month.

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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hopkins Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Hopkins 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.

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

Report Updated 21 Days Ago

Newest Listings in Hopkins Township, MI

Nearby Markets to Hopkins Township, MI

What housing markets are near Hopkins Township, MI?