Is Bangor Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bangor Charter Township was a Seller's Market.
Housing Prices in Bangor Charter Township, MI
How much do homes in Bangor Charter Township, MI cost?
Median Sold Price
$179,250
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bangor Charter Township was $179,250 in April 2024, up 7% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $63K | -61.3% |
2 Bedrooms | $120K | $130.2K | +8.5% |
3 Bedrooms | $170K | $186.2K | +9.6% |
4 Bedrooms | $254.9K | $217.2K | -14.8% |
5+ Bedrooms | - | $572.4K | N/A |
Summary: Bangor Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bay City | $111K | $130K | +17.1% |
Bangor Charter Township | $167.5K | $179.2K | +7.0% |
Housing Supply in Bangor Charter Township, MI
How many homes are available in Bangor Charter Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 38 | -2.6% |
Summary: The Bangor Charter Township real estate market had 38 homes for sale in April 2024, a 2.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 10 | -33.3% |
3 Bedrooms | 19 | 23 | +21.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Bangor Charter Township housing inventory by bedroom type for April 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 increased by 21.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Bangor Charter Township in April 2024, down by 45.5% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Bangor Charter Township, MI
How long does it take to sell a home in Bangor Charter Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
19 Days | 11 Days | -42.7% |
Summary: Homes in Bangor Charter Township had an average of 11 days on market in Apr 2024, down by 42.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Bangor Charter 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.