Hamtramck, MI Home Values & Market Trends
Real estate market trends reflect that there have been 460 transactions over the past year in Hamtramck. The median value for residential home transactions that occurred over the previous year is $180,421.07. The number of current listings in Hamtramck is 33, and the percentage of properties for sale in the city is 78.57%. Hamtramck, MI currently has 9 properties in foreclosure, 5 bank owned properties, 4 properties headed for auction, and 33 properties for sale.
Hamtramck, MI Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 48212 | $ 133,119 $ 120/sqft |
Housing Market Summary for Hamtramck, MI
| Aug 2022 | August 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $163.5K | $160K | -2.14% |
| Median Sold Price | $151K | $160K | 5.98% |
| Homes For Sale | 18 | 30 | 66.67% |
| Homes Sold | 398 | 228 | -42.71% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Hamtramck, MI
Browse Homes in Hamtramck, MI
Hamtramck home values range from $20,200 to $725,880. The median estimated value of a home in Hamtramck is $180,421.07. The median list price of a home is 169,900, and the total count of properties in the city is 7,148.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Hamtramck, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Hamtramck, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Hamtramck, MI ranges from the highest value of $125,364 in 48212 to the lowest value of $23,000 in 48212. Bank owned homes and properties account for 0.07% of properties in Hamtramck, MI. There is 1 zips within Hamtramck, MI; 48212 containing 14 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48212 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Hamtramck, MI. Auction homes and other auction properties account for 0.06% of all properties in Hamtramck, MI. There is 1 zips within Hamtramck, MI; of that zips, the median estimated home value for homes going to auction ranges from $229,900 in 48212 to the lowest value of $31,188 in 48212.