Is Bath Charter 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, Bath Charter Township has remained a Seller's Market.
Housing Prices in Bath Charter Township, MI
How much do homes in Bath Charter Township, MI cost?
Median Sold Price
$349,900
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bath Charter Township was $349,900 in May 2024, up 6.5% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $105.2K | -26.2% |
2 Bedrooms | $280K | $175K | -37.5% |
3 Bedrooms | $271K | $309.9K | +14.4% |
4 Bedrooms | $450K | $415K | -7.8% |
5+ Bedrooms | $518.9K | $682K | +31.4% |
Summary: Bath Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.2%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 31.4%.
Median Sold Price Compared To Nearby Cities
East Lansing | $265.4K | $289.9K | +9.2% |
Haslett | $274K | $297.5K | +8.6% |
Bath Charter Township | $328.6K | $349.9K | +6.5% |
Bath | $270K | $285K | +5.6% |
Housing Supply in Bath Charter Township, MI
How many homes are available in Bath Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 44 | -4.3% |
Summary: The Bath Charter Township real estate market had 44 homes for sale in May 2024, a 4.3% decrease 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 | 8 | 10 | +25.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 11 | 9 | -18.2% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Bath Charter Township 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 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Bath Charter Township in May 2024, up by 58.3% month-over-month. Of the 19 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% were sold over asking.
Days on Market for Bath Charter Township, MI
How long does it take to sell a home in Bath Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
45 Days | 26 Days | -42.1% |
Summary: Homes in Bath Charter Township had an average of 26 days on market in May 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Bath Charter Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.