Is Hillman, 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, Hillman has remained a Seller's Market.
Key Takeaway
Hillman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillman, MI
How much do homes in Hillman, MI cost?
Median Sold Price
$147,000
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hillman have sold for 8.7% less than they did a year ago.
Summary: The median home sold price in Hillman was $147,000 in May 2024, down 8.7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $250K | +1566.7% |
| 2 Bedrooms | $121.5K | $94.9K | -21.9% |
| 3 Bedrooms | $175K | $191K | +9.1% |
| 4 Bedrooms | $245K | $138.5K | -43.5% |
| 5+ Bedrooms | $98.5K | $1.6M | +1575.1% |
Summary: Hillman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1566.7%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes increased by 1575.1%.
Median Sold Price Compared To Nearby Cities
| Hillman Township | $147.4K | $146.6K | -0.5% |
| Hillman | $160.9K | $147K | -8.7% |
Housing Supply in Hillman, MI
How many homes are available in Hillman, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The Hillman real estate market had 14 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hillman housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillman, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Hillman in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hillman, MI
We’re sorry, we don't have information for this market at the moment
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