Is Holly, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Holly is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Holly, MI

How much do homes in Holly, MI cost?

Median Sold Price

$275,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,000(+5.4%)

Key Takeaway

Homes in Holly have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Holly was $275,000 in February 2024, up 5.4% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $170K$182.5K
+7.4%
3 $240K$265K
+10.4%
4 $299.9K$356.5K
+18.9%
5+ $297.5K$546K
+83.5%

Summary: Holly housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes increased by 83.5%.

Median Sold Price Compared To Nearby Cities

Holly
+5.4%
Holly Township
0.0%

Housing Supply in Holly, MI

How many homes are available in Holly, MI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4852+8.3%

Summary: The Holly real estate market had 52 homes for sale in February 2024, a 8.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 610
+66.7%
3 2326
+13.0%
4 1613
-18.8%
5+ 33
0.0%

Summary: The Holly housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Holly, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Holly in February 2024, down by 14.3% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Holly, MI

How long does it take to sell a home in Holly, MI?

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Holly has remained consistent over time.

Summary: During February 2024, 12 homes were sold in Holly; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Holly, MI

Nearby Markets to Holly, MI

What housing markets are near Holly, MI?