Is Hastings, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hastings has remained a Seller's Market.
Housing Prices in Hastings, MI
How much do homes in Hastings, MI cost?
Median Sold Price
$229,900
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hastings was $229,900 in April 2024, up 5.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $129K | +61.3% |
2 Bedrooms | $164.2K | $181K | +10.2% |
3 Bedrooms | $200K | $225.7K | +12.8% |
4 Bedrooms | $243K | $266.5K | +9.7% |
5+ Bedrooms | $300K | $308.2K | +2.8% |
Summary: Hastings housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
Hastings | $217.4K | $229.9K | +5.7% |
Rutland Charter Township | $284.7K | $295K | +3.6% |
Hastings Charter Township | $238.4K | $228.1K | -4.3% |
Housing Supply in Hastings, MI
How many homes are available in Hastings, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 54 | +10.2% |
Summary: The Hastings real estate market had 54 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 23 | 27 | +17.4% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Hastings housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 20 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Hastings in April 2024, up by 100.0% month-over-month. Of the 20 sold homes, 30% were sold under asking, 25% were sold at asking, and 45% were sold over asking.
Days on Market for Hastings, MI
How long does it take to sell a home in Hastings, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 19 Days | -53.9% |
Summary: Homes in Hastings had an average of 19 days on market in Apr 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Hastings; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.