Is Hale, 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, Hale has remained a Buyer's Market.
Housing Prices in Hale, MI
How much do homes in Hale, MI cost?
Median Sold Price
$175,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hale was $175,500 in May 2024, down 22.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65.5K | $76.6K | +16.9% |
2 Bedrooms | $229.8K | $172.2K | -25.1% |
3 Bedrooms | $178.5K | $175K | -2.0% |
4 Bedrooms | $425K | $347K | -18.4% |
5+ Bedrooms | $189.9K | $220K | +15.9% |
Summary: Hale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes decreased by 25.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
Plainfield Township | $141.8K | $160K | +12.8% |
Hill Township | $240K | $210K | -12.5% |
Hale | $227.3K | $175.5K | -22.8% |
Housing Supply in Hale, MI
How many homes are available in Hale, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 36 | +12.5% |
Summary: The Hale real estate market had 36 homes for sale in May 2024, a 12.5% 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 | 13 | 13 | 0.0% |
3 Bedrooms | 14 | 17 | +21.4% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hale 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 remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 3 | -72.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Hale in May 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Hale, MI
How long does it take to sell a home in Hale, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 7 Days | -73.8% |
Summary: Homes in Hale had an average of 7 days on market in May 2024, down by 73.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Hale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.