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.

20648 Kenmore, Harper Woods, MI 48225

20648 Kenmore, Harper Woods, MI 48225

$159,900
1,163 SqFt
4 Bedrooms
~$700/mo.*2 Full Baths
#60098035Listing Office:
Keller Williams Realty-Great LakesMLS logo
18545 Huntington, Harper Woods, MI 48225

18545 Huntington, Harper Woods, MI 48225

$129,900
1,008 SqFt
4 Bedrooms
~$600/mo.*2 Full Baths
#60097936Listing Office:
EXP Realty LLCMLS logo
19683 Fleetwood, Harper Woods, MI 48225

19683 Fleetwood, Harper Woods, MI 48225

$189,900
1,397 SqFt
2 Bedrooms
~$850/mo.*3 Full Baths, 1 Partial
#60097530Listing Office:
Market Elite IncMLS logo
19685 Kenosha, Harper Woods, MI 48225

19685 Kenosha, Harper Woods, MI 48225

$147,000
930 SqFt
4 Bedrooms
~$650/mo.*1 Full Bath
#60096878Listing Office:
Keller Williams Realty-Great LakesMLS logo
19709 Washtenaw, Harper Woods, MI 48225

19709 Washtenaw, Harper Woods, MI 48225

$90,000
1,027 SqFt
3 Bedrooms
~$400/mo.*1 Full Bath
#60096752Listing Office:
Rondo Investment LLCMLS logo
20628 Hollywood, Harper Woods, MI 48225

20628 Hollywood, Harper Woods, MI 48225

$199,000
1,272 SqFt
3 Bedrooms
~$900/mo.*1 Full Bath, 1 Partial
#60096684Listing Office:
Signature Sotheby's International Realty GPFMLS logo
20885 Parkcrest, Harper Woods, MI 48225

20885 Parkcrest, Harper Woods, MI 48225

$169,900
1,033 SqFt
2 Bedrooms
~$750/mo.*1 Full Bath, 1 Partial
#60095840Listing Office:
Coldwell Banker Weir Manuel-GPFMLS logo
20863 Lancaster, Harper Woods, MI 48225

20863 Lancaster, Harper Woods, MI 48225

$219,900
1,518 SqFt
4 Bedrooms
~$1,000/mo.*1 Full Bath, 1 Partial
#50074211Listing Office:
W.C. Collins RealtyMLS logo
19959 Lancaster, Harper Woods, MI 48225

19959 Lancaster, Harper Woods, MI 48225

$159,000
1,295 SqFt
4 Bedrooms
~$700/mo.*1 Full Bath, 1 Partial
#60095570Listing Office:
Century 21 RowMLS logo
18763 Roscommon, Harper Woods, MI 48225

18763 Roscommon, Harper Woods, MI 48225

$92,000
881 SqFt
3 Bedrooms
~$400/mo.*1 Full Bath
#60095096Listing Office:
Keller Williams Realty-Great LakesMLS logo
20602 Kenmore, Harper Woods, MI 48225

20602 Kenmore, Harper Woods, MI 48225

$190,000
1,055 SqFt
3 Bedrooms
~$850/mo.*2 Full Baths
#60094896Listing Office:
Community Choice Realty AssociatesMLS logo
19677 Kingsville, Harper Woods, MI 48225

19677 Kingsville, Harper Woods, MI 48225

$144,900
1,050 SqFt
3 Bedrooms
~$650/mo.*1 Full Bath
#60094125Listing Office:
RE/MAX Team 2000MLS logo

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.

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. for the period 05/01/2020 - 05/01/2022

IDX 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.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 5/22/2022, 9:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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