Is Baltimore 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, Baltimore Township has remained a Seller's Market.
Key Takeaway
Baltimore Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baltimore Township, MI
How much do homes in Baltimore Township, MI cost?
Median Sold Price
$269,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Baltimore Township have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Baltimore Township was $269,000 in May 2024, up 5.1% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $970K | - | N/A |
| 2 Bedrooms | $140K | $269.9K | +92.8% |
| 3 Bedrooms | $257K | $272K | +5.8% |
| 4 Bedrooms | $231K | $202K | -12.6% |
| 5+ Bedrooms | $430K | $321.4K | -25.3% |
Summary: Baltimore 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 increased by 92.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 25.3%.
Median Sold Price Compared To Nearby Cities
| Hastings Charter Township | $226K | $240K | +6.2% |
| Baltimore Township | $256K | $269K | +5.1% |
Housing Supply in Baltimore Township, MI
How many homes are available in Baltimore Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Baltimore Township real estate market had 7 homes for sale in May 2024, a 40.0% increase compared to 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 | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baltimore 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 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Baltimore Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Baltimore Township in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Baltimore Township, MI
How long does it take to sell a home in Baltimore Township, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 4 Days | -85.2% |
Summary: Homes in Baltimore Township had an average of 4 days on market in May 2024, down by 85.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baltimore Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Baltimore Township; 100% 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.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.