Is Highland Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$327,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Highland Township was $327,500 in April 2024, up 5.6% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323K | - | N/A |
2 Bedrooms | $173.7K | $189K | +8.8% |
3 Bedrooms | $280K | $300K | +7.1% |
4 Bedrooms | $443.5K | $450K | +1.5% |
5+ Bedrooms | $492.7K | $470K | -4.6% |
Summary: Highland Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 4.6%.
Median Sold Price Compared To Nearby Cities
Highland Township | $310K | $327.5K | +5.6% |
Richland Township | $320K | $335K | +4.7% |
Housing Supply in Highland Township, MI
How many homes are available in Highland Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 62 | +31.9% |
Summary: The Highland Township real estate market had 62 homes for sale in April 2024, a 31.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 13 | 21 | +61.5% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Highland 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 75%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Highland Township in April 2024, up by 50.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
193 Days | 10 Days | -94.5% |
Summary: Homes in Highland Township had an average of 10 days on market in Apr 2024, down by 94.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Highland Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.