Is Handy Township, 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, Handy Township has remained a Seller's Market.
Key Takeaway
Handy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Handy Township, MI
How much do homes in Handy Township, MI cost?
Median Sold Price
$299,900
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Handy Township have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Handy Township was $299,900 in March 2024, up 9.1% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $182.5K | $210K | +15.1% |
| 3 Bedrooms | $266.5K | $294.9K | +10.7% |
| 4 Bedrooms | $299.5K | $325K | +8.5% |
| 5+ Bedrooms | $285K | $150K | -47.4% |
Summary: Handy Township 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 increased by 15.1%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Cities
| Fowlerville | $275K | $306.5K | +11.5% |
| Handy Township | $275K | $299.9K | +9.1% |
| Conway Township | $288.5K | $310.8K | +7.8% |
| Howell Township | $334.9K | $354.4K | +5.8% |
Housing Supply in Handy Township, MI
How many homes are available in Handy Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Summary: The Handy Township real estate market had 29 homes for sale in March 2024, a 19.4% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 21 | 16 | -23.8% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Handy Township 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 decreased by 100%, 3 bedroom homes decreased by 23.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Handy Township, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Handy Township in March 2024, down by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Handy Township, MI
How long does it take to sell a home in Handy Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 86 Days | 31 Days | -64.1% |
Summary: Homes in Handy Township had an average of 31 days on market in Mar 2024, down by 64.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Handy Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 12 homes were sold in Handy Township; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
