Is Hersey Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hersey Township was a Seller's Market.
Key Takeaway
Hersey Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hersey Township, MI
How much do homes in Hersey Township, MI cost?
Median Sold Price
$166,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hersey Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Hersey Township was $166,000 in April 2024, down 2.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.5K | $168.4K | -1.2% |
| 2 Bedrooms | $125K | $142.1K | +13.7% |
| 3 Bedrooms | $180K | $188.5K | +4.7% |
| 4 Bedrooms | $187.5K | $233K | +24.3% |
| 5+ Bedrooms | $396K | $390K | -1.5% |
Summary: Hersey Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 24.3%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
| Richmond Township | $163K | $277.4K | +70.2% |
| Evart Township | $161K | $179.1K | +11.3% |
| Hersey Township | $170.5K | $166K | -2.6% |
| Hersey | $169.5K | $165K | -2.7% |
Housing Supply in Hersey Township, MI
How many homes are available in Hersey Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Summary: The Hersey Township real estate market had 18 homes for sale in April 2024, a 125.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 11 | +175.0% |
| 4 Bedrooms | 0 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hersey Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 175%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hersey Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Hersey Township in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Hersey Township, MI
How long does it take to sell a home in Hersey Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 2 Days | -93.3% |
Summary: Homes in Hersey Township had an average of 2 days on market in Apr 2024, down by 93.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hersey Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Hersey 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.
