Hamilton Township Housing Market Report December 2024•Clare County, Michigan

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Housing Prices in Hamilton Township, MI

How much do homes in Hamilton Township, MI cost?

Housing Market Conditions

Is Hamilton Township, MI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Hamilton Township is a Seller's Market

Difference Since December 2023

At the same time last year, Hamilton Township was a Buyer's Market.

Insight

Hamilton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$290,000$161/SqFt
-$26,750
-8.4%

Based on all homes sold in the last 12 months

Insight

Homes in Hamilton Township have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Hamilton Township was $290,000 in December 2024, down 8.4% from last year, and the median price per square foot was $161.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Franklin Township
+5.4%
Hamilton Township
-8.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$90K$96K
+6.7%
2$272.5K$160K
-41.3%
3$275.2K$296.7K
+7.8%
4$387K$355K
-8.3%
5$912.4K$536.1K
-41.2%

Summary: Hamilton Township housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +6.7%. The home price for 2 bedroom homes decreased by -41.3%. The home price for 3 bedroom homes increased by +7.8%. The home price for 4 bedroom homes decreased by -8.3%. The home price for 5 bedroom homes decreased by -41.2%.

Housing supply in Hamilton Township, MI

How many homes are available in Hamilton Township, MI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
34Last MonthDec 2024
342 months agoNov 2024
0.0 %
Change MoMNov – Dec

Summary: The Hamilton Township real estate market had 34 homes for sale in Dec 2024, the same as Nov 2024

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthDec 2024
82 months agoNov 2024
-25.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
295
-44.4%
31215
+25.0%
41111
0.0%
512
+100.0%

Summary: Hamilton Township housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -44.4%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Hamilton Township, MI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Hamilton Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hamilton Township in December 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and and 17% were sold over asking.

Days on Market for Hamilton Township, MI

How long does it take to sell a home in Hamilton Township, MI?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Hamilton Township are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Hamilton Township; 83% 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
8 DaysThis YearDec 2024
42 Days1 year agoDec 2023
-79.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Hamilton Township had an average listing age of 8 days in Dec 2024, down by 79.0% compared to the previous year.

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Newest Listings in Hamilton Township, MI

What homes are available in Hamilton Township, MI?

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Nearby markets

Nearby markets aren't available for Hamilton Township, MI

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Based on information from Michigan Regional Information Center LLC, MiRealSource Inc. DL, RealComp II Ltd., Northern Great Lakes Realtors MLS, and Water Wonderland MLS Inc. for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/30/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.