Is Hayes Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hayes Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Hayes Township has remained a Seller's Market.

Key Takeaway

Hayes Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Hayes Township, MI cost?

Median Sold Price

$95,450

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$35,450(+59.1%)

Key Takeaway

Homes in Hayes Township have sold for 59.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $44K$45K
+2.3%
2 $55K$72.5K
+31.8%
3 $98.5K$115K
+16.8%
4 $124.1K$400K
+222.1%
5+ $166K$474.9K
+186.1%

Median Sold Price Compared To Nearby Cities

Frost Township
+59.4%
Hayes Township
+59.1%
Greenwood Township
+3.1%
Harrison
-7.0%

How many homes are available in Hayes Township, MI?

Number of Homes For Sale

Aug 2022Sep 2022%
5149-3.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1113
+18.2%
2 1717
0.0%
3 1916
-15.8%
4 11
0.0%
5+ 32
-33.3%

Number of Homes Sold

Aug 2022Sep 2022%
914+55.6%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hayes Township, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
50 Days44 Days-10.9%

Breakdown of Home Sale Times

5 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

Avg time on Rocket Homes in Hayes Township has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Hayes Township, MI

There are 49 homes are for sale in Hayes Township, MI real estate market. Between August 2022 and September 2022, Hayes Township, MI real estate market has seen decrease in the number of listings by 3.9%. In September 2022 median list price was $95,450 and the average listing age was 44 days. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties prices increased by 2.3%, 2 bedrooms properties became 31.8% more expensive, the cost of 3 bedrooms properties went up by 16.8%, the cost of 4 bedrooms properties went up by 222.1%, prices of 5 bedrooms properties went up by 186.1%. This housing market inventory have changed: number of 1 bedroom homes increased by 18.2%, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 15.8%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes became 33.3% less available. Over 3 listings were sold over their listed price in September 2022 in Hayes Township, MI. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price.

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