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 2023

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.

Housing Prices in Hayes Township, MI

How much do homes in Hayes Township, MI cost?

Median Sold Price

$262,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+4.0%)

Key Takeaway

Homes in Hayes Township have sold for 4% more than they did a year ago.

Summary: The median home sold price in Hayes Township was $262,000 in September 2024, up 4% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $38K-
N/A
2 $222.5K$210K
-5.6%
3 $249.9K$245K
-2.0%
4 $360K$354.5K
-1.5%
5+ $318.5K$419K
+31.6%

Summary: Hayes Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 31.6%.

Median Sold Price Compared To Nearby Cities

Otsego Lake Township
+23.2%
Bagley Township
+6.2%
Hayes Township
+4.0%
Elmira
+2.0%
Elmira Township
0.0%

Housing Supply in Hayes Township, MI

How many homes are available in Hayes Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2221-4.5%

Summary: The Hayes Township real estate market had 21 homes for sale in September 2024, a 4.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 1111
0.0%
4 64
-33.3%
5+ 33
0.0%

Summary: The Hayes Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was 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 could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Hayes Township in September 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Hayes Township, MI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 30 Days Ago

Newest Listings in Hayes Township, MI

Nearby Markets to Hayes Township, MI

What housing markets are near Hayes Township, MI?