Is Hersey, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hersey was a Seller's Market.
Housing Prices in Hersey, MI
How much do homes in Hersey, MI cost?
Median Sold Price
$165,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hersey was $165,000 in April 2024, down 2.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $189.1K | +57.6% |
2 Bedrooms | $147.2K | $142.1K | -3.5% |
3 Bedrooms | $180K | $165K | -8.3% |
4 Bedrooms | $187.5K | $233K | +24.3% |
5+ Bedrooms | $396K | $390K | -1.5% |
Summary: Hersey housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Richmond Township | $163K | $277.4K | +70.2% |
Hersey Township | $170.5K | $166K | -2.6% |
Hersey | $169.5K | $165K | -2.7% |
Housing Supply in Hersey, MI
How many homes are available in Hersey, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Summary: The Hersey real estate market had 18 homes for sale in April 2024, a 125.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 11 | +175.0% |
4 Bedrooms | 0 | 2 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hersey housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 175%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hersey in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Hersey, MI
How long does it take to sell a home in Hersey, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 2 Days | -93.3% |
Summary: Homes in Hersey had an average of 2 days on market in Apr 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Hersey; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.