Is Hemlock, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Hemlock has remained a Seller's Market.
Housing Prices in Hemlock, MI
How much do homes in Hemlock, MI cost?
Median Sold Price
$185,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Hemlock was $185,000 in June 2024, up 11.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $120K | $167.4K | +39.5% |
3 Bedrooms | $177.5K | $180K | +1.4% |
4 Bedrooms | $156K | $284.9K | +82.6% |
5+ Bedrooms | $567.5K | - | N/A |
Summary: Hemlock housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 82.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Fremont Township | $191K | $225K | +17.8% |
Hemlock | $166K | $185K | +11.4% |
Thomas Township | $193.5K | $200K | +3.4% |
Richland Township | $314K | $314.2K | 0.1% |
Jonesfield Township | $152.5K | $145K | -4.9% |
Housing Supply in Hemlock, MI
How many homes are available in Hemlock, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 10 | -9.1% |
Summary: The Hemlock real estate market had 10 homes for sale in June 2024, a 9.1% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hemlock housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Hemlock in June 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Hemlock, MI
How long does it take to sell a home in Hemlock, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
79 Days | 15 Days | -80.4% |
Summary: Homes in Hemlock had an average of 15 days on market in Jun 2024, down by 80.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 2 homes were sold in Hemlock; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.