Is Harper Woods, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Harper Woods has remained a Seller's Market.
Housing Prices in Harper Woods, MI
How much do homes in Harper Woods, MI cost?
Median Sold Price
$125,500
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Harper Woods was $125,500 in April 2024, down 16.3% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $42K | $49.5K | +17.9% |
2 Bedrooms | $72.4K | $76K | +4.9% |
3 Bedrooms | $159.9K | $139.9K | -12.5% |
4 Bedrooms | $169.9K | $175K | +3.0% |
5+ Bedrooms | $190K | $255.2K | +34.3% |
Summary: Harper Woods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 34.3%.
Median Sold Price Compared To Nearby Cities
Grosse Pointe Woods | $290K | $329.9K | +13.8% |
Saint Clair Shores | $210K | $225K | +7.1% |
Eastpointe | $140.9K | $150K | +6.4% |
Detroit | $80K | $81K | +1.3% |
Harper Woods | $150K | $125.5K | -16.3% |
Housing Supply in Harper Woods, MI
How many homes are available in Harper Woods, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 87 | +16.0% |
Summary: The Harper Woods real estate market had 87 homes for sale in April 2024, a 16.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 22 | 25 | +13.6% |
3 Bedrooms | 46 | 55 | +19.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Harper Woods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 19.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 17 | +41.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Harper Woods in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for Harper Woods, MI
How long does it take to sell a home in Harper Woods, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
102 Days | 32 Days | -67.7% |
Summary: Homes in Harper Woods had an average of 32 days on market in Apr 2024, down by 67.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Harper Woods; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.