Is Harrison, 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, Harrison has remained a Seller's Market.
Key Takeaway
Harrison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harrison, MI
How much do homes in Harrison, MI cost?
Median Sold Price
$116,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harrison have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Harrison was $116,000 in May 2024, up 2.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $81K | -10.0% |
| 2 Bedrooms | $80K | $92.5K | +15.6% |
| 3 Bedrooms | $140K | $149.5K | +6.8% |
| 4 Bedrooms | $145.5K | $226K | +55.3% |
| 5+ Bedrooms | $135K | $424.4K | +214.4% |
Summary: Harrison housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 55.3%, and 5+ bedroom homes increased by 214.4%.
Median Sold Price Compared To Nearby Cities
| Hayes Township | $80K | $108K | +35.0% |
| Harrison | $113K | $116K | +2.7% |
Housing Supply in Harrison, MI
How many homes are available in Harrison, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 87 | 121 | +39.1% |
Summary: The Harrison real estate market had 121 homes for sale in May 2024, a 39.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 28 | 48 | +71.4% |
| 3 Bedrooms | 30 | 40 | +33.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Harrison housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 71.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harrison, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Harrison in May 2024, up by 41.2% month-over-month. Of the 24 sold homes, 46% were sold under asking, 25% were sold at asking, and 29% were sold over asking.
Days on Market for Harrison, MI
How long does it take to sell a home in Harrison, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 67 Days | 64 Days | -4.9% |
Summary: Homes in Harrison had an average of 64 days on market in May 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harrison are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Harrison; 54% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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