Is Hamilton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hamilton has remained a Seller's Market.
Housing Prices in Hamilton, MI
How much do homes in Hamilton, MI cost?
Median Sold Price
$348,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hamilton was $348,500 in March 2024, up 2.2% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | - | N/A |
2 Bedrooms | $294K | $275K | -6.5% |
3 Bedrooms | $335K | $305K | -9.0% |
4 Bedrooms | $351.2K | $420K | +19.6% |
5+ Bedrooms | $396.2K | $536.1K | +35.3% |
Summary: Hamilton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 9%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 35.3%.
Median Sold Price Compared To Nearby Cities
Manlius Township | $275.3K | $342.5K | +24.4% |
Hamilton | $341K | $348.5K | +2.2% |
Heath Township | $345K | $341K | -1.2% |
Fillmore Township | $352.5K | $292.5K | -17.0% |
Housing Supply in Hamilton, MI
How many homes are available in Hamilton, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Hamilton real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Hamilton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 7 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Hamilton in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Hamilton, MI
How long does it take to sell a home in Hamilton, MI?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Hamilton; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.