Hamtramck, MI

Buyer's market-10.6% YoY

Housing market overview · Updated weekly

$210,000median sale price

Homes sold

3

Last 12 weeks

Days on market

86

Average pace

Active listings

30

10.0 months supply

Sale-to-list

97.8%

Below asking

The Hamtramck housing market is currently classified as a buyer's market with a median sale price of $210,000. Prices have fallen 10.6% compared to last year, with homes spending an average of 86 days on market, indicating 10.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Hamtramck

There are currently 30 homes listed for sale in Hamtramck, Michigan. The median listing price is $255K.

Active listings

30

Homes on market

Median list price

$255K

Avg. days on market

86

Days until sale

New this week

10

Newly listed

Price drops:30.0%of listings
Sale-to-list:97.8%

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Frequently asked questions

What is the average home price in Hamtramck?

The median home sale price in Hamtramck is $210,000, down 10.6% from last year.

How long do homes stay on market in Hamtramck?

Homes typically spend 86 days on market before going under contract.

Is Hamtramck a buyer's or seller's market?

With 10.0 months of supply, Hamtramck is currently a buyer's market.

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