Is Holly Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Holly Township was a Seller's Market.
Key Takeaway
Holly Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Holly Township, MI
How much do homes in Holly Township, MI cost?
Median Sold Price
$275,925
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Holly Township has remained the same since last year.
Summary: The median home sold price in Holly Township was $275,925 in May 2024, down 0.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.7K | - | N/A |
| 2 Bedrooms | $189.2K | $195.5K | +3.3% |
| 3 Bedrooms | $275K | $265K | -3.6% |
| 4 Bedrooms | $323K | $358K | +10.8% |
| 5+ Bedrooms | $357.5K | $568K | +58.9% |
Summary: Holly Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Cities
| Fenton | $320K | $338.3K | +5.7% |
| Fenton | $320K | $338.3K | +5.7% |
| Fenton Charter Township | $325K | $340.2K | +4.7% |
| Holly | $275K | $275K | 0.0% |
| Holly Township | $276.6K | $275.9K | -0.3% |
Housing Supply in Holly Township, MI
How many homes are available in Holly Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 60 | 72 | +20.0% |
Summary: The Holly Township real estate market had 72 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 28 | 34 | +21.4% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Holly Township 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 decreased by 12.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 11 | -47.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holly Township, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Holly Township in May 2024, down by 47.6% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for Holly Township, MI
How long does it take to sell a home in Holly Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 9 Days | -77.7% |
Summary: Homes in Holly Township had an average of 9 days on market in May 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holly Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Holly Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.