Is Holly, 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, 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
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Holly have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Holly was $275,000 in March 2024, up 1.9% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $177K | $185K | +4.5% |
| 3 Bedrooms | $257.5K | $260.5K | +1.2% |
| 4 Bedrooms | $310K | $350K | +12.9% |
| 5+ Bedrooms | $300K | $546K | +82.0% |
Summary: Holly 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 4.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 82%.
Median Sold Price Compared To Nearby Cities
| Holly | $270K | $275K | +1.9% |
| Holly Township | $275K | $275K | 0.0% |
| Rose Township | $350K | $348.2K | -0.5% |
Housing Supply in Holly, MI
How many homes are available in Holly, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Summary: The Holly real estate market had 60 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 5 | -44.4% |
| 3 Bedrooms | 24 | 32 | +33.3% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Holly 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 44.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holly, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Holly in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Holly, MI
How long does it take to sell a home in Holly, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 59 Days | +22.4% |
Summary: Homes in Holly had an average of 59 days on market in Mar 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holly are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Holly; 65% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
