Is Highland Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Highland Charter Township has remained a Seller's Market.
Housing Prices in Highland Charter Township, MI
How much do homes in Highland Charter Township, MI cost?
Median Sold Price
$339,650
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highland Charter Township was $339,650 in May 2024, up 2.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $251.5K | $255K | +1.4% |
2 Bedrooms | $177.4K | $185K | +4.3% |
3 Bedrooms | $280K | $305.2K | +9.0% |
4 Bedrooms | $479.9K | $450K | -6.2% |
5+ Bedrooms | $467.7K | $649K | +38.7% |
Summary: Highland Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 38.7%.
Median Sold Price Compared To Nearby Cities
Milford Charter Township | $410K | $490K | +19.5% |
Hartland | $365K | $408K | +11.8% |
Highland Charter Township | $330K | $339.6K | +2.9% |
Hartland Township | $414.7K | $425K | +2.5% |
Highland | $325K | $332.5K | +2.3% |
Housing Supply in Highland Charter Township, MI
How many homes are available in Highland Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 67 | +13.6% |
Summary: The Highland Charter Township real estate market had 67 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 17 | 24 | +41.2% |
5+ Bedrooms | 4 | 10 | +150.0% |
Summary: The Highland Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 41.2%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 12 | -29.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Highland Charter Township in May 2024, down by 29.4% month-over-month. Of the 12 sold homes, 8% were sold under asking, 25% were sold at asking, and 67% were sold over asking.
Days on Market for Highland Charter Township, MI
How long does it take to sell a home in Highland Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 11 Days | +20.6% |
Summary: Homes in Highland Charter Township had an average of 11 days on market in May 2024, up by 20.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Highland Charter Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.