Is Handy 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, Handy Township has remained a Seller's Market.
Key Takeaway
Handy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Handy Township, MI
How much do homes in Handy Township, MI cost?
Median Sold Price
$313,250
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Handy Township have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Handy Township was $313,250 in May 2024, up 13.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $180K | $210K | +16.7% |
| 3 Bedrooms | $265K | $305K | +15.1% |
| 4 Bedrooms | $314.9K | $330K | +4.8% |
| 5+ Bedrooms | $285K | - | N/A |
Summary: Handy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Handy Township | $275K | $313.2K | +13.9% |
| Fowlerville | $279.9K | $316K | +12.9% |
| Conway Township | $299.4K | $310.5K | +3.7% |
| Howell Township | $345.5K | $352.5K | +2.0% |
Housing Supply in Handy Township, MI
How many homes are available in Handy Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 48 | +17.1% |
Summary: The Handy Township real estate market had 48 homes for sale in May 2024, a 17.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 19 | 25 | +31.6% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Handy Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 31.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 21 | +110.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Handy Township, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Handy Township in May 2024, up by 110.0% month-over-month. Of the 21 sold homes, 14% were sold under asking, 33% were sold at asking, and 52% were sold over asking.
Days on Market for Handy Township, MI
How long does it take to sell a home in Handy Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 17 Days | -34.0% |
Summary: Homes in Handy Township had an average of 17 days on market in May 2024, down by 34% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Handy Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Handy Township; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
