Is Hopkins 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, Hopkins Township was a Buyer's Market.
Key Takeaway
Hopkins Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hopkins Township, MI
How much do homes in Hopkins Township, MI cost?
Median Sold Price
$282,500
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hopkins Township have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Hopkins Township was $282,500 in April 2024, up 12.4% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | - | N/A |
| 2 Bedrooms | $292.9K | $316K | +7.9% |
| 3 Bedrooms | $235K | $255K | +8.5% |
| 4 Bedrooms | $418K | $428.8K | +2.6% |
| 5+ Bedrooms | $295K | $340K | +15.3% |
Summary: Hopkins 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 7.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Hopkins | $232.5K | $285K | +22.6% |
| Hopkins Township | $251.2K | $282.5K | +12.4% |
| Dorr Township | $303K | $332.9K | +9.9% |
| Wayland Township | $290K | $305K | +5.2% |
| Watson Township | $235K | $234.9K | 0% |
Housing Supply in Hopkins Township, MI
How many homes are available in Hopkins Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Summary: The Hopkins Township real estate market had 5 homes for sale in April 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hopkins 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hopkins Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Hopkins Township in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Hopkins Township, MI
How long does it take to sell a home in Hopkins Township, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hopkins Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Hopkins Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
