Is Hamilton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, MI
How much do homes in Hamilton Township, MI cost?
Median Sold Price
$317,500
$254/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Hamilton Township was $317,500 in April 2024, down 22.1% from last month, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $359.3K | $325.2K | -9.5% |
3 Bedrooms | $315K | $317.5K | +0.8% |
4 Bedrooms | $425K | $240K | -43.5% |
5+ Bedrooms | $536.1K | $694K | +29.4% |
Summary: Hamilton Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes increased by 29.4%.
Median Sold Price Compared To Nearby Cities
Elba Township | $54K | $135K | +150.0% |
Marion Township | $120K | $125K | +4.2% |
Hamilton Township | $407.4K | $317.5K | -22.1% |
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 |
---|---|---|
25 | 20 | -20.0% |
Summary: The Hamilton Township real estate market had 20 homes for sale in April 2024, a 20.0% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 8 | 5 | -37.5% |
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 20%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Hamilton Township in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
152 Days | 11 Days | -92.5% |
Summary: Homes in Hamilton Township had an average of 11 days on market in Apr 2024, down by 92.5% compared to last month.
Breakdown of Home Sale Times
10 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, 11 homes were sold in Hamilton Township; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.