Is Hemlock, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hemlock is a buyer's market

Buyer's
Market

Difference Since January 2022

At the same time last year, Hemlock was a Seller's Market.

Key Takeaway

Hemlock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Hemlock, MI cost?

Median Sold Price

$158,500

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

-$26,400(-14.3%)

Key Takeaway

Homes in Hemlock have sold for 14.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $191.5K-
N/A
2 $109.9K$116K
+5.6%
3 $182.4K$177.2K
-2.8%
4 $218K$162.5K
-25.5%
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Thomas Township
+10.4%
Hemlock
-14.3%
Richland Township
-18.1%

How many homes are available in Hemlock, MI?

Number of Homes For Sale

Dec 2022Jan 2023%
911+22.2%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 11
0.0%
3 68
+33.3%
4 11
0.0%
5+ 11
0.0%

Number of Homes Sold

Dec 2022Jan 2023%
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hemlock, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

About Hemlock, MI

Hemlock, MI has 11 homes for sale to choose from. The number of homes for sale in Hemlock, MI increased by 22.2% between December 2022 and January 2023. Listing prices have changed in this real estate market between December 2022 and January 2023: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 5.6%, prices of 3 bedrooms properties decreased by 2.8%, prices of 4 bedrooms properties went down by 25.5%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went up by 33.3%, the quantity of 4 bedrooms homes have not changed, number of 5 bedrooms homes remained the same. Hemlock, MI housing market in January 2023 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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