Is Hayes Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hayes Township was a Neutral Market.
Housing Prices in Hayes Township, MI
How much do homes in Hayes Township, MI cost?
Median Sold Price
$108,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hayes Township was $108,000 in May 2024, up 35% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $52K | $72K | +38.5% |
2 Bedrooms | $80K | $78.7K | -1.6% |
3 Bedrooms | $133K | $119.9K | -9.8% |
4 Bedrooms | $161K | $377K | +134.2% |
5+ Bedrooms | - | $315K | N/A |
Summary: Hayes Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 134.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Hayes Township | $80K | $108K | +35.0% |
Harrison | $113K | $116K | +2.7% |
Hamilton Township | $322.5K | $314.5K | -2.5% |
Housing Supply in Hayes Township, MI
How many homes are available in Hayes Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 57 | +46.2% |
Summary: The Hayes Township real estate market had 57 homes for sale in May 2024, a 46.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 12 | 21 | +75.0% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Hayes Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Hayes Township in May 2024, up by 25.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Hayes Township, MI
How long does it take to sell a home in Hayes Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
204 Days | 91 Days | -55.3% |
Summary: Homes in Hayes Township had an average of 91 days on market in May 2024, down by 55.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Hayes Township; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.