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.
Key Takeaway
Hayes Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Hayes Township have sold for 35% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Hayes Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Hayes Township are selling fast, if you're buying plan to act quickly.
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.
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