Is Heath 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, Heath Township has remained a Seller's Market.
Housing Prices in Heath Township, MI
How much do homes in Heath Township, MI cost?
Median Sold Price
$341,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Heath Township was $341,000 in March 2024, down 1.2% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $313.1K | $332.2K | +6.1% |
3 Bedrooms | $320K | $335K | +4.7% |
4 Bedrooms | $376.9K | $353.5K | -6.2% |
5+ Bedrooms | $670K | $725K | +8.2% |
Summary: Heath 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 6.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 6.2%, and 5+ bedroom homes increased by 8.2%.
Median Sold Price Compared To Nearby Cities
Hamilton | $341K | $348.5K | +2.2% |
Heath Township | $345K | $341K | -1.2% |
Housing Supply in Heath Township, MI
How many homes are available in Heath Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Summary: The Heath Township real estate market had 12 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Heath 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Heath Township in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Heath Township, MI
How long does it take to sell a home in Heath Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
121 Days | 14 Days | -88.2% |
Summary: Homes in Heath Township had an average of 14 days on market in Mar 2024, down by 88.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Heath Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.