Is Highland Charter 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, Highland Charter Township has remained a Seller's Market.
Housing Prices in Highland Charter Township, MI
How much do homes in Highland Charter Township, MI cost?
Median Sold Price
$350,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Highland Charter Township was $350,000 in March 2024, up 9.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $140K | -22.2% |
2 Bedrooms | $179.9K | $193K | +7.3% |
3 Bedrooms | $280K | $316K | +12.9% |
4 Bedrooms | $495K | $446K | -9.9% |
5+ Bedrooms | $517.7K | $500K | -3.4% |
Summary: Highland Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.2%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 12.9%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Milford Charter Township | $415K | $485K | +16.9% |
Highland | $310.5K | $350K | +12.7% |
Highland Charter Township | $320.6K | $350K | +9.1% |
Hartland Township | $395K | $426.5K | +8.0% |
Hartland | $378K | $369K | -2.4% |
Housing Supply in Highland Charter Township, MI
How many homes are available in Highland Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 44 | +37.5% |
Summary: The Highland Charter Township real estate market had 44 homes for sale in March 2024, a 37.5% 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 | 6 | 6 | 0.0% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Highland Charter 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 increased by 43.8%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Highland Charter Township in March 2024, up by 71.4% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% were sold over asking.
Days on Market for Highland Charter Township, MI
How long does it take to sell a home in Highland Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
157 Days | 13 Days | -91.5% |
Summary: Homes in Highland Charter Township had an average of 13 days on market in Mar 2024, down by 91.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Highland Charter Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.