Is Hale, 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, Hale has remained a Seller's Market.
Key Takeaway
Hale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hale, MI
How much do homes in Hale, MI cost?
Median Sold Price
$175,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hale have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Hale was $175,000 in April 2024, down 7.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65.5K | $76.6K | +16.9% |
| 2 Bedrooms | $192.5K | $149.7K | -22.2% |
| 3 Bedrooms | $178.5K | $175K | -2.0% |
| 4 Bedrooms | - | $364K | N/A |
| 5+ Bedrooms | $189.9K | $220K | +15.9% |
Summary: Hale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Plainfield Township | $136K | $158.7K | +16.7% |
| Hill Township | $212.4K | $210K | -1.2% |
| Hale | $189.9K | $175K | -7.8% |
Housing Supply in Hale, MI
How many homes are available in Hale, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The Hale real estate market had 34 homes for sale in April 2024, a 13.3% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hale 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 16.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hale, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Hale in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Hale, MI
How long does it take to sell a home in Hale, MI?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Hale; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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.