Is Harrison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Harrison was a Buyer's Market.
Key Takeaway
Harrison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harrison, MI
How much do homes in Harrison, MI cost?
Median Sold Price
$103,750
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harrison have sold for 7.4% less than they did a year ago.
Summary: The median home sold price in Harrison was $103,750 in March 2024, down 7.4% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $55K | -38.9% |
| 2 Bedrooms | $102K | $85K | -16.7% |
| 3 Bedrooms | $132.5K | $130K | -1.9% |
| 4 Bedrooms | $161K | $189.4K | +17.7% |
| 5+ Bedrooms | $135K | $465K | +244.4% |
Summary: Harrison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 244.4%.
Median Sold Price Compared To Nearby Cities
| Hayes Township | $95K | $90.7K | -4.5% |
| Harrison | $112K | $103.7K | -7.4% |
Housing Supply in Harrison, MI
How many homes are available in Harrison, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 57 | +67.6% |
Summary: The Harrison real estate market had 57 homes for sale in March 2024, a 67.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 11 | 20 | +81.8% |
| 3 Bedrooms | 12 | 21 | +75.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Harrison housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 81.8%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrison, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Harrison in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Harrison, MI
How long does it take to sell a home in Harrison, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 135 Days | +27.8% |
Summary: Homes in Harrison had an average of 135 days on market in Mar 2024, up by 27.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Harrison has remained consistent over time.
Summary: During March 2024, 12 homes were sold in Harrison; 17% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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