$2,078 Closing Credit*
$175,000
1,224 SqFt
4 Beds
•2 Full Baths
Daniel S Bradley, Listing Office: Five Star Real Estate (Rock)
Is Howard City, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Howard City has remained a Seller's Market.
Key Takeaway
Howard City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Howard City, MI
How much do homes in Howard City, MI cost?
Median Sold Price
$250,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+6.4%)
Key Takeaway
Homes in Howard City have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Howard City was $250,000 in October 2024, up 6.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74.2K | $156K | +110.0% |
| 2 Bedrooms | $220K | $219.9K | 0% |
| 3 Bedrooms | $232K | $229K | -1.3% |
| 4 Bedrooms | $240K | $315K | +31.3% |
| 5+ Bedrooms | $342.2K | $466K | +36.2% |
Summary: Howard City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 110%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 36.2%.
Median Sold Price Compared To Nearby Cities
| Howard City | $235K | $250K | +6.4% |
| Reynolds Township | $232K | $239K | +3.0% |
Housing Supply in Howard City, MI
How many homes are available in Howard City, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Howard City real estate market had 34 homes for sale in October 2024, a 9.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Howard City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Howard City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Howard City in October 2024, up by 42.9% month-over-month. Of the 10 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Howard City, MI
How long does it take to sell a home in Howard City, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 46 Days | +54.7% |
Summary: Homes in Howard City had an average of 46 days on market in Oct 2024, up by 54.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Howard City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Howard City; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
