Is Bainbridge Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bainbridge Township has remained a Seller's Market.
Housing Prices in Bainbridge Township, MI
How much do homes in Bainbridge Township, MI cost?
Median Sold Price
$250,000
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bainbridge Township was $250,000 in May 2024, down 3.4% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $160K | -13.5% |
3 Bedrooms | $240K | $265K | +10.4% |
4 Bedrooms | $304.5K | $422.9K | +38.9% |
5+ Bedrooms | $258.9K | $565.5K | +118.4% |
Summary: Bainbridge Township 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 decreased by 13.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 118.4%.
Median Sold Price Compared To Nearby Cities
Keeler Township | $215K | $260K | +20.9% |
Coloma Charter Township | $214.4K | $249.9K | +16.5% |
Watervliet Township | $205K | $228K | +11.2% |
Bainbridge Township | $258.9K | $250K | -3.4% |
Housing Supply in Bainbridge Township, MI
How many homes are available in Bainbridge Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Bainbridge Township real estate market had 7 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bainbridge Township 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Bainbridge Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Bainbridge Township, MI
How long does it take to sell a home in Bainbridge Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 40 Days | 0.0% |
Summary: Homes in Bainbridge Township had an average of 40 days on market in May 2024, the same as last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Bainbridge Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.