Your asking price deserves a closer look than a townwide figure can provide. Start with recent sales of similar homes, and let me help you weigh the differences that matter for your listing.
For Hazel Park single-family homes, condos, townhouses and apartments, the latest market report gives a typical asking price among homes listed for sale of $170,000. The typical sale price was $190,000 for the same property categories. Homes sold for an average of 97% of their asking prices. Reported housing supply, measured in months, was 2.57.
Asking prices and sale prices describe different groups, so their difference does not establish what your home should bring. I would treat these townwide figures as context, then focus on homes with relevant similarities in size, condition and features. Starting with an ambitious asking price deserves careful consideration rather than an automatic allowance for negotiation.
Review recent sales of similar homes with me to identify which comparisons deserve the most weight. Examine homes listed for sale separately to understand the alternatives a prospective buyer could consider. Prepare a list of improvements and unfinished repairs so we can discuss their relevance before choosing your asking price.
