Is Hesperia, 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, Hesperia has remained a Buyer's Market.
Housing Prices in Hesperia, MI
How much do homes in Hesperia, MI cost?
Median Sold Price
$195,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hesperia was $195,500 in March 2024, up 26.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $232.5K | $121.2K | -47.8% |
2 Bedrooms | $144.9K | $145K | 0.1% |
3 Bedrooms | $150K | $240K | +60.0% |
4 Bedrooms | $167K | $245K | +46.7% |
5+ Bedrooms | $334.9K | $230K | -31.3% |
Summary: Hesperia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.8%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 46.7%, and 5+ bedroom homes decreased by 31.3%.
Housing Supply in Hesperia, MI
How many homes are available in Hesperia, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 29 | +31.8% |
Summary: The Hesperia real estate market had 29 homes for sale in March 2024, a 31.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hesperia 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 increased by 33.3%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
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 Hesperia in March 2024, up by 100.0% 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 Hesperia, MI
How long does it take to sell a home in Hesperia, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Hesperia; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.