Is Hamlin 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, Hamlin Township has remained a Seller's Market.
Housing Prices in Hamlin Township, MI
How much do homes in Hamlin Township, MI cost?
Median Sold Price
$347,500
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamlin Township was $347,500 in May 2024, down 0.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | - | N/A |
2 Bedrooms | $175K | $260K | +48.6% |
3 Bedrooms | $330K | $317.5K | -3.8% |
4 Bedrooms | $430K | $345K | -19.8% |
5+ Bedrooms | $711K | $650K | -8.6% |
Summary: Hamlin 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 48.6%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
Pere Marquette Charter Township | $252.5K | $339.5K | +34.5% |
Grant Township | $214K | $246K | +15.0% |
Amber Township | $290.5K | $307.5K | +5.9% |
Hamlin Township | $349.9K | $347.5K | -0.7% |
Victory Township | $222.5K | $210K | -5.6% |
Housing Supply in Hamlin Township, MI
How many homes are available in Hamlin Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 22 | +83.3% |
Summary: The Hamlin Township real estate market had 22 homes for sale in May 2024, a 83.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 0 | 6 | +100.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hamlin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Hamlin Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Hamlin Township, MI
How long does it take to sell a home in Hamlin Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 81 Days | +295.1% |
Summary: Homes in Hamlin Township had an average of 81 days on market in May 2024, up by 295.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Hamlin Township; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.