Is Hart, 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, Hart has remained a Seller's Market.
Key Takeaway
Hart is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hart, MI
How much do homes in Hart, MI cost?
Median Sold Price
$207,500
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hart have sold for 40.7% more than they did a year ago.
Summary: The median home sold price in Hart was $207,500 in March 2024, up 40.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $130K | $155K | +19.2% |
| 3 Bedrooms | $189.9K | $227.5K | +19.8% |
| 4 Bedrooms | $130K | $290K | +123.1% |
| 5+ Bedrooms | - | $315K | N/A |
Summary: Hart 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 19.2%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 123.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Hart | $147.5K | $207.5K | +40.7% |
| Mears | $310K | $390K | +25.8% |
| Hart Township | $229.9K | $207.5K | -9.8% |
Housing Supply in Hart, MI
How many homes are available in Hart, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Hart real estate market had 11 homes for sale in March 2024, a 21.4% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Hart 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 increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hart, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hart in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Hart, MI
How long does it take to sell a home in Hart, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hart are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Hart; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
