Is Harmony VIllage, 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, Harmony VIllage was a Seller's Market.
Key Takeaway
Harmony VIllage is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Harmony VIllage, MI
How much do homes in Harmony VIllage, MI cost?
Median Sold Price
$70,250
$51/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Harmony VIllage has remained the same since last year.
Summary: The median home sold price in Harmony VIllage was $70,250 in April 2024, up 0.4% from last year, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $93K | N/A |
| 2 Bedrooms | $34.9K | $43K | +23.0% |
| 3 Bedrooms | $70K | $70K | 0.0% |
| 4 Bedrooms | $95K | $93.5K | -1.6% |
| 5+ Bedrooms | $147K | $112.5K | -23.5% |
Summary: Harmony VIllage 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 increased by 23%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Fitzgerald | $75K | $99.4K | +32.6% |
| Harmony VIllage | $70K | $70.2K | 0.4% |
| Bagley | $165K | $149.4K | -9.4% |
Housing Supply in Harmony VIllage, MI
How many homes are available in Harmony VIllage, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 143 | 175 | +22.4% |
Summary: The Harmony VIllage real estate market had 175 homes for sale in April 2024, a 22.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 100 | 121 | +21.0% |
| 4 Bedrooms | 33 | 44 | +33.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Harmony VIllage 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 decreased by 20%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 29 | +81.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harmony VIllage, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Harmony VIllage in April 2024, up by 81.3% month-over-month. Of the 29 sold homes, 55% were sold under asking, 34% were sold at asking, and 10% were sold over asking.
Days on Market for Harmony VIllage, MI
How long does it take to sell a home in Harmony VIllage, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 117 Days | 47 Days | -59.4% |
Summary: Homes in Harmony VIllage had an average of 47 days on market in Apr 2024, down by 59.4% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harmony VIllage are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 29 homes were sold in Harmony VIllage; 66% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 28% 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.