Is Baldwin 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, Baldwin Township has remained a Seller's Market.
Housing Prices in Baldwin Township, MI
How much do homes in Baldwin Township, MI cost?
Median Sold Price
$136,500
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin Township was $136,500 in May 2024, up 4.2% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $83.7K | +19.6% |
2 Bedrooms | $95K | $125K | +31.6% |
3 Bedrooms | $148.5K | $185K | +24.6% |
4 Bedrooms | $126K | $307.4K | +144.0% |
5+ Bedrooms | $335K | $281.7K | -15.9% |
Summary: Baldwin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 24.6%, 4 bedroom homes increased by 144%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
Au Sable Charter Township | $120K | $185K | +54.2% |
Oscoda | $120K | $148K | +23.3% |
East Tawas | $162K | $176.2K | +8.8% |
Baldwin Township | $131K | $136.5K | +4.2% |
Housing Supply in Baldwin Township, MI
How many homes are available in Baldwin Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 64 | +33.3% |
Summary: The Baldwin Township real estate market had 64 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 19 | 27 | +42.1% |
3 Bedrooms | 19 | 25 | +31.6% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Baldwin Township in May 2024, up by 250.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 21% were sold at asking, and 43% were sold over asking.
Days on Market for Baldwin Township, MI
How long does it take to sell a home in Baldwin Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 26 Days | -53.7% |
Summary: Homes in Baldwin Township had an average of 26 days on market in May 2024, down by 53.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Baldwin Township; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.