Is Hamilton Township, 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, Hamilton Township was a Neutral Market.
Housing Prices in Hamilton Township, MI
How much do homes in Hamilton Township, MI cost?
Median Sold Price
$350,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hamilton Township was $350,000 in April 2024, up 6.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315K | $289.9K | -8.0% |
3 Bedrooms | $305K | $300K | -1.6% |
4 Bedrooms | $360K | $425K | +18.1% |
5+ Bedrooms | $320K | $615K | +92.2% |
Summary: Hamilton Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 92.2%.
Median Sold Price Compared To Nearby Cities
Decatur Township | $147.5K | $190K | +28.8% |
Hamilton Township | $327.5K | $350K | +6.9% |
Paw Paw Township | $220K | $233.6K | +6.2% |
Lawrence Township | $225K | $200K | -11.1% |
Housing Supply in Hamilton Township, MI
How many homes are available in Hamilton Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Summary: The Hamilton Township real estate market had 22 homes for sale in April 2024, a 15.4% decrease 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 | 4 | 5 | +25.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hamilton Township 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 25%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Hamilton Township in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 0% were sold at asking, and 42% were sold over asking.
Days on Market for Hamilton Township, MI
How long does it take to sell a home in Hamilton Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
223 Days | 10 Days | -95.3% |
Summary: Homes in Hamilton Township had an average of 10 days on market in Apr 2024, down by 95.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Hamilton Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.