Is Hagar 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, Hagar Township was a Seller's Market.
Key Takeaway
Hagar Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hagar Township, MI
How much do homes in Hagar Township, MI cost?
Median Sold Price
$239,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hagar Township have sold for 7.4% more than they did a year ago.
Summary: The median home sold price in Hagar Township was $239,000 in May 2024, up 7.4% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $64K | - | N/A |
| 2 Bedrooms | $189K | $209.5K | +10.8% |
| 3 Bedrooms | $244.9K | $245K | 0.0% |
| 4 Bedrooms | $280K | $240K | -14.3% |
| 5+ Bedrooms | $375K | $700K | +86.7% |
Summary: Hagar 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 10.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 86.7%.
Median Sold Price Compared To Nearby Cities
| Covert Township | $227K | $385K | +69.6% |
| Benton Charter Township | $138.9K | $167K | +20.2% |
| Coloma Charter Township | $214.4K | $249.9K | +16.5% |
| Hagar Township | $222.5K | $239K | +7.4% |
Housing Supply in Hagar Township, MI
How many homes are available in Hagar Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Summary: The Hagar Township real estate market had 23 homes for sale in May 2024, a 43.8% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 0 | 4 | +100.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Hagar Township 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 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hagar Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Hagar Township in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Hagar Township, MI
How long does it take to sell a home in Hagar Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 7 Days | -90.7% |
Summary: Homes in Hagar Township had an average of 7 days on market in May 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hagar Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Hagar Township; 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.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.