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.
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
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
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
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.