Is Highland 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 Township has remained a Seller's Market.
Key Takeaway
Highland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Township, MI
How much do homes in Highland Township, MI cost?
Median Sold Price
$343,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Highland Township have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Highland Township was $343,000 in March 2024, up 11.5% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $323K | - | N/A |
| 2 Bedrooms | $177.4K | $199.9K | +12.6% |
| 3 Bedrooms | $280K | $313K | +11.8% |
| 4 Bedrooms | $459.9K | $441K | -4.1% |
| 5+ Bedrooms | $485.5K | $490K | +0.9% |
Summary: Highland Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Highland Township | $307.5K | $343K | +11.5% |
| Richland Township | $363.5K | $330.7K | -9.0% |
Housing Supply in Highland Township, MI
How many homes are available in Highland Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 43 | +43.3% |
Summary: The Highland Township real estate market had 43 homes for sale in March 2024, a 43.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 14 | 24 | +71.4% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Highland 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 decreased by 25%, 3 bedroom homes increased by 71.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Township, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Highland Township in March 2024, up by 57.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Highland Township, MI
How long does it take to sell a home in Highland Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 157 Days | 14 Days | -90.7% |
Summary: Homes in Highland Township had an average of 14 days on market in Mar 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highland Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Highland Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.