Is Hay Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Hay Township has remained a Seller's Market.
Housing Prices in Hay Township, MI
How much do homes in Hay Township, MI cost?
Median Sold Price
$20,000
$25/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Hay Township was $20,000 in March 2024, down 52.3% from last month, and the median price per square foot was $25.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $20K | -70.6% |
2 Bedrooms | - | $63.8K | N/A |
3 Bedrooms | $15.9K | - | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Hay Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 70.6%, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Hay Township, MI
How many homes are available in Hay Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Summary: The Hay Township real estate market had 10 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hay 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 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hay Township in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hay Township, MI
How long does it take to sell a home in Hay Township, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
112 Days | 44 Days | -60.9% |
Summary: Homes in Hay Township had an average of 44 days on market in Mar 2024, down by 60.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Hay Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.