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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, New Haven Township was a Seller's Market.

Key Takeaway

New Haven Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Haven Township, MI

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

Median Sold Price

$300,000

$154/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in New Haven Township has remained the same since last year.

Summary: The median home sold price in New Haven Township was $300,000 in November 2024, the same as last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $118.5K$230K
+94.1%
3 $282.7K$289K
+2.2%
4 $340.5K$333.5K
-2.1%
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 94.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 38.1%.

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
2625-3.8%

Summary: The New Haven 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

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1615
-6.3%
4 77
0.0%
5+ 23
+50.0%

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 decreased by 100%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was 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, 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 New Haven Township in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% 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
91 Days167 Days+82.5%

Summary: Homes in New Haven Township had an average of 167 days on market in Nov 2024, up by 82.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 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, 3 homes were sold in New Haven Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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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