Is Harper Woods, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harper Woods is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Harper Woods has remained a Seller's Market.

Key Takeaway

Harper Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Harper Woods, MI cost?

Median Sold Price

$142,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$27,000(+23.5%)

Key Takeaway

Homes in Harper Woods have sold for 23.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 -$45.5K
N/A
2 $64.9K$78K
+20.2%
3 $121K$149.5K
+23.6%
4 $149.7K$177.4K
+18.5%
5+ -$140K
N/A

Median Sold Price Compared To Nearby Cities

Detroit
+31.9%
Harper Woods
+23.5%
Grosse Pointe Woods
+16.3%
Eastpointe
+15.6%
Saint Clair Shores
+13.4%

How many homes are available in Harper Woods, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
6978+13.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 11
0.0%
2 1520
+33.3%
3 4850
+4.2%
4 57
+40.0%
5+ 00
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
1926+36.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harper Woods, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
41 Days30 Days-27.2%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harper Woods are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Harper Woods, MI

Number of homes for sale in Harper Woods, MI real estate market have reached 78. The number of homes for sale in Harper Woods, MI increased by 13% between March 2022 and April 2022. In April 2022 median list price was $142,000 and the average listing age was 30 days. Real estate listing prices changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 20.2% more expensive, the cost of 3 bedrooms properties went up by 23.6%, 4 bedrooms properties became 18.5% more expensive, prices of 5 bedrooms properties went up by 0%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went up by 33.3%, number of 3 bedrooms homes increased by 4.2%, 4 bedrooms homes became 40% more available, number of 5 bedrooms homes remained the same. In April 2022, from all listings sold in Harper Woods, MI there were more than 14 sold above asking price, over 6 sold below and more than 6 were sold right at the asked price.

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