Is Bridgeport, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bridgeport was a Seller's Market.
Housing Prices in Bridgeport, MI
How much do homes in Bridgeport, MI cost?
Median Sold Price
$158,950
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bridgeport was $158,950 in May 2024, down 6.5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $65K | $71K | +9.2% |
3 Bedrooms | $162K | $173K | +6.8% |
4 Bedrooms | $180K | $164.9K | -8.4% |
5+ Bedrooms | $220K | - | N/A |
Summary: Bridgeport 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 9.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Buena Vista Charter Township | $57.9K | $72.2K | +24.7% |
Frankenmuth Township | $289.5K | $301.5K | +4.1% |
Bridgeport Charter Township | $124K | $128.5K | +3.6% |
Bridgeport | $170K | $158.9K | -6.5% |
Housing Supply in Bridgeport, MI
How many homes are available in Bridgeport, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Bridgeport real estate market had 14 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 | 3 | 2 | -33.3% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bridgeport 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Bridgeport in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bridgeport, MI
How long does it take to sell a home in Bridgeport, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
126 Days | 16 Days | -87.0% |
Summary: Homes in Bridgeport had an average of 16 days on market in May 2024, down by 87% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Bridgeport; 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.