Is Bedford Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$255,383
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bedford Township was $255,383 in April 2024, down 1.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $162.7K | $165.5K | +1.7% |
3 Bedrooms | $231.7K | $240K | +3.6% |
4 Bedrooms | $305K | $310K | +1.6% |
5+ Bedrooms | $325K | $439.4K | +35.2% |
Summary: Bedford Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 35.2%.
Median Sold Price Compared To Nearby Cities
Temperance | $259.9K | $260K | 0.0% |
Bedford Township | $258.3K | $255.3K | -1.2% |
Lambertville | $257.5K | $254K | -1.4% |
Housing Supply in Bedford Township, MI
How many homes are available in Bedford Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 74 | -2.6% |
Summary: The Bedford Township real estate market had 74 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 | 9 | 6 | -33.3% |
3 Bedrooms | 45 | 44 | -2.2% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bedford 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 decreased by 2.2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 22 | -37.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Bedford Township in April 2024, down by 37.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 14% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 26 Days | +562.5% |
Summary: Homes in Bedford Township had an average of 26 days on market in Apr 2024, up by 562.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Bedford Township; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.