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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hersey Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Hersey Township, MI cost?

Median Sold Price

$170,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$24,500(+16.8%)

Key Takeaway

Homes in Hersey Township have sold for 16.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 -$170.7K
N/A
2 $144.2K$160K
+10.9%
3 $134.5K$180K
+33.9%
4 $215K$184K
-14.4%
5+ $294K-
N/A

How many homes are available in Hersey Township, MI?

Number of Homes For Sale

Nov 2022Dec 2022%
2726-3.7%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 34
+33.3%
2 44
0.0%
3 1412
-14.3%
4 44
0.0%
5+ 22
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hersey Township, you may be able to get a good deal. 33.3% 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 Hersey Township, MI

Homes for sale in Hersey Township, MI have reached 26. Between November 2022 and December 2022, Hersey Township, MI real estate market has seen decrease in the number of listings by 3.7%. This housing market listing prices have changed between November 2022 and December 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 10.9%, the cost of 3 bedrooms properties went up by 33.9%, prices of 4 bedrooms properties went down by 14.4%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 33.3%, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 14.3%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. While more than 2 listings in Hersey Township, MI in December 2022 were sold above asking price, there were more than 2 listings sold at asking price, and more than 2 were sold below.

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