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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Haven Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Haven Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in New Haven Township, MI

How much do homes in New Haven Township, MI cost?

Median Sold Price

$290,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$2,250(+0.8%)

Key Takeaway

Homes in New Haven Township have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in New Haven Township was $290,000 in November 2024, up 0.8% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $146.5K$167.5K
+14.3%
3 $270K$274K
+1.5%
4 $334.9K$319.9K
-4.5%
5+ $262.5K$362.5K
+38.1%

Summary: New Haven Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 38.1%.

Median Sold Price Compared To Nearby Cities

New Haven Township
+0.8%
Chesaning Township
-2.9%
Brady Township
-22.6%

Housing Supply in New Haven Township, MI

How many homes are available in New Haven Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2527+8.0%

Summary: The New Haven Township real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1517
+13.3%
4 87
-12.5%
5+ 12
+100.0%

Summary: The New Haven 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 increased by 13.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Haven Township, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in New Haven Township in November 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for New Haven Township, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
75 Days117 Days+54.9%

Summary: Homes in New Haven Township had an average of 117 days on market in Nov 2024, up by 54.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in New Haven Township; 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.

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

Report Updated 17 Days Ago

Newest Listings in New Haven Township, MI

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