Is Bach, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bach has remained a Seller's Market.
Housing Prices in Bach, MI
How much do homes in Bach, MI cost?
Median Sold Price
$571,000
$413/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bach was $571,000 in March 2024, up 6.7% from last year, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $429.9K | $357.5K | -16.8% |
2 Bedrooms | $402.5K | $465K | +15.5% |
3 Bedrooms | $540K | $620K | +14.8% |
4 Bedrooms | $629K | $701.2K | +11.5% |
5+ Bedrooms | $887K | $1.5M | +74.7% |
Summary: Bach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 74.7%.
Housing Supply in Bach, MI
How many homes are available in Bach, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Summary: The Bach real estate market had 15 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bach in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Bach, MI
How long does it take to sell a home in Bach, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
110 Days | 33 Days | -69.8% |
Summary: Homes in Bach had an average of 33 days on market in Mar 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Bach; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.