Is Hamilton Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hamilton Township has remained a Seller's Market.
Housing Prices in Hamilton Township, MI
How much do homes in Hamilton Township, MI cost?
Median Sold Price
$314,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton Township was $314,500 in May 2024, down 2.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $95.5K | -51.0% |
2 Bedrooms | $294K | $251K | -14.6% |
3 Bedrooms | $280K | $305K | +8.9% |
4 Bedrooms | $372.1K | $407K | +9.4% |
5+ Bedrooms | $385K | $536.1K | +39.3% |
Summary: Hamilton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes decreased by 14.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 39.3%.
Median Sold Price Compared To Nearby Cities
Franklin Township | $686K | $680K | -0.9% |
Hamilton Township | $322.5K | $314.5K | -2.5% |
Housing Supply in Hamilton Township, MI
How many homes are available in Hamilton Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Summary: The Hamilton Township real estate market had 37 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Hamilton Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Hamilton Township in May 2024, down by 28.6% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hamilton Township, MI
How long does it take to sell a home in Hamilton Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 26 Days | -69.6% |
Summary: Homes in Hamilton Township had an average of 26 days on market in May 2024, down by 69.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Hamilton Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.