Is Bedford 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, Bedford Township has remained a Seller's Market.
Housing Prices in Bedford Township, MI
How much do homes in Bedford Township, MI cost?
Median Sold Price
$255,191
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bedford Township was $255,191 in May 2024, down 1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $161.8K | $165.5K | +2.2% |
3 Bedrooms | $230.5K | $239.9K | +4.1% |
4 Bedrooms | $305K | $315K | +3.3% |
5+ Bedrooms | $389.9K | $335K | -14.1% |
Summary: Bedford 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 2.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
Temperance | $256.5K | $260K | +1.4% |
Bedford Township | $257.7K | $255.1K | -1.0% |
Lambertville | $258.7K | $254.5K | -1.6% |
Housing Supply in Bedford Township, MI
How many homes are available in Bedford Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 83 | +7.8% |
Summary: The Bedford Township real estate market had 83 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 46 | 45 | -2.2% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Bedford Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 23 | -4.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Bedford Township in May 2024, down by 4.2% month-over-month. Of the 23 sold homes, 35% were sold under asking, 13% were sold at asking, and 52% were sold over asking.
Days on Market for Bedford Township, MI
How long does it take to sell a home in Bedford Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 49 Days | +283.2% |
Summary: Homes in Bedford Township had an average of 49 days on market in May 2024, up by 283.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Bedford Township; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.