Is Bellevue, 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, Bellevue has remained a Seller's Market.
Key Takeaway
Bellevue is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellevue, MI
How much do homes in Bellevue, MI cost?
Median Sold Price
$204,000
$137/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bellevue have sold for 16.6% more than they did a year ago.
Summary: The median home sold price in Bellevue was $204,000 in May 2024, up 16.6% from last year, and the median price per square foot was $137.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $42K | - | N/A |
| 2 Bedrooms | $156K | $159K | +1.9% |
| 3 Bedrooms | $176.7K | $190K | +7.5% |
| 4 Bedrooms | $192.5K | $335.5K | +74.3% |
| 5+ Bedrooms | $206K | $365K | +77.2% |
Summary: Bellevue 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 1.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 74.3%, and 5+ bedroom homes increased by 77.2%.
Median Sold Price Compared To Nearby Cities
| Bellevue | $175K | $204K | +16.6% |
| Bellevue Township | $175K | $204K | +16.6% |
Housing Supply in Bellevue, MI
How many homes are available in Bellevue, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Summary: The Bellevue real estate market had 22 homes for sale in May 2024, a 46.7% 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 | 3 | 6 | +100.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bellevue 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 increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bellevue, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Bellevue in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Bellevue, MI
How long does it take to sell a home in Bellevue, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 7 Days | -79.4% |
Summary: Homes in Bellevue had an average of 7 days on market in May 2024, down by 79.4% compared to last year.
Breakdown of Home Sale Times
4 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 Bellevue are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Bellevue; 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.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.