Is Home Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Home Township is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Home Township was a Seller's Market.

Key Takeaway

Home Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Home Township, MI

How much do homes in Home Township, MI cost?

Median Sold Price

$175,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,500(+18.6%)

Key Takeaway

Homes in Home Township have sold for 18.6% more than they did a year ago.

Summary: The median home sold price in Home Township was $175,000 in October 2024, up 18.6% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $123.5K$188.5K
+52.6%
3 $145K$175K
+20.7%
4 $130K$175K
+34.6%
5+ $202.5K$300K
+48.1%

Summary: Home Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 34.6%, and 5+ bedroom homes increased by 48.1%.

Median Sold Price Compared To Nearby Cities

Home Township
+18.6%
Richland Township
+4.8%
Edmore
0.2%

Housing Supply in Home Township, MI

How many homes are available in Home Township, MI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
128-33.3%

Summary: The Home Township real estate market had 8 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 63
-50.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Home Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Home Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Home Township in October 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Home Township, MI

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

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days29 Days+190.0%

Summary: Homes in Home Township had an average of 29 days on market in Oct 2024, up by 190% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Home Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Home Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in Home Township, MI

Nearby Markets to Home Township, MI