Is Holly, 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, Holly was a Seller's Market.
Key Takeaway
Holly is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Holly, MI
How much do homes in Holly, MI cost?
Median Sold Price
$275,000
$167/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Holly has remained the same since last year.
Summary: The median home sold price in Holly was $275,000 in May 2024, the same as last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $203.7K | - | N/A |
| 2 Bedrooms | $185K | $189.9K | +2.7% |
| 3 Bedrooms | $272.5K | $262.7K | -3.6% |
| 4 Bedrooms | $322K | $355K | +10.2% |
| 5+ Bedrooms | $357.5K | $568K | +58.9% |
Summary: Holly 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 2.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 58.9%.
Median Sold Price Compared To Nearby Cities
| Rose Township | $350K | $359.9K | +2.8% |
| Holly | $275K | $275K | 0.0% |
| Holly Township | $276.6K | $275.9K | -0.3% |
Housing Supply in Holly, MI
How many homes are available in Holly, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 68 | +19.3% |
Summary: The Holly real estate market had 68 homes for sale in May 2024, a 19.3% 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 | 5 | -16.7% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 21 | 27 | +28.6% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Holly 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 decreased by 16.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 10 | -52.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Holly, you could pay more than the asking price. 70% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Holly in May 2024, down by 52.4% month-over-month. Of the 10 sold homes, 10% were sold under asking, 20% were sold at asking, and 70% were sold over asking.
Days on Market for Holly, MI
How long does it take to sell a home in Holly, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 10 Days | -75.7% |
Summary: Homes in Holly had an average of 10 days on market in May 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Holly are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Holly; 90% of homes were sold within 30 days, 10% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.