Is Hope 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, Hope Township has remained a Seller's Market.
Housing Prices in Hope Township, MI
How much do homes in Hope Township, MI cost?
Median Sold Price
$250,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hope Township was $250,000 in April 2024, up 13.6% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $190K | -13.6% |
2 Bedrooms | $182.5K | $262.4K | +43.8% |
3 Bedrooms | $192K | $238K | +24.0% |
4 Bedrooms | $327.5K | $330K | +0.8% |
5+ Bedrooms | $240K | $266K | +10.8% |
Summary: Hope Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 10.8%.
Median Sold Price Compared To Nearby Cities
Delton | $230K | $281.5K | +22.4% |
Hope Township | $220K | $250K | +13.6% |
Rutland Charter Township | $284.7K | $295K | +3.6% |
Housing Supply in Hope Township, MI
How many homes are available in Hope Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Hope Township real estate market had 19 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hope Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hope Township in April 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Hope Township, MI
How long does it take to sell a home in Hope Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
121 Days | 11 Days | -90.5% |
Summary: Homes in Hope Township had an average of 11 days on market in Apr 2024, down by 90.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Hope 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.