Is Hart Township, 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 Township has remained a Seller's Market.
Key Takeaway
Hart Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hart Township, MI
How much do homes in Hart Township, 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 Township have sold for 9.8% less than they did a year ago.
Summary: The median home sold price in Hart Township was $207,500 in March 2024, down 9.8% 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 | $87.5K | - | N/A |
| 2 Bedrooms | $130K | $155K | +19.2% |
| 3 Bedrooms | $240K | $227.5K | -5.2% |
| 4 Bedrooms | $187K | $290K | +55.1% |
| 5+ Bedrooms | - | $315K | N/A |
Summary: Hart Township 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 decreased by 5.2%, 4 bedroom homes increased by 55.1%, 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% |
| Golden Township | $310K | $384.9K | +24.2% |
| Hart Township | $229.9K | $207.5K | -9.8% |
Housing Supply in Hart Township, MI
How many homes are available in Hart Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Hart Township 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 Township 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Hart Township, 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 Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Hart Township; 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.
