Is Bagley, 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, Bagley has remained a Seller's Market.
Key Takeaway
Bagley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bagley, MI
How much do homes in Bagley, MI cost?
Median Sold Price
$149,450
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bagley have sold for 9.4% less than they did a year ago.
Summary: The median home sold price in Bagley was $149,450 in April 2024, down 9.4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $74.5K | $62.2K | -16.4% |
| 3 Bedrooms | $163K | $140.4K | -13.8% |
| 4 Bedrooms | $171.7K | $222.5K | +29.5% |
| 5+ Bedrooms | $265K | $218.5K | -17.5% |
Summary: Bagley 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 decreased by 16.4%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes decreased by 17.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Bagley Community | $183.2K | $187K | +2.0% |
| Pembroke | $115K | $115K | 0.0% |
| University District | $330K | $320.5K | -2.9% |
| North | $129.7K | $119.4K | -7.9% |
| Bagley | $165K | $149.4K | -9.4% |
Housing Supply in Bagley, MI
How many homes are available in Bagley, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 89 | 103 | +15.7% |
Summary: The Bagley real estate market had 103 homes for sale in April 2024, a 15.7% increase 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 | 5 | 4 | -20.0% |
| 3 Bedrooms | 65 | 73 | +12.3% |
| 4 Bedrooms | 14 | 18 | +28.6% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Bagley 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 20%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Bagley in April 2024, down by 4.3% month-over-month. Of the 22 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.
Days on Market for Bagley, MI
How long does it take to sell a home in Bagley, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 32 Days | +107.6% |
Summary: Homes in Bagley had an average of 32 days on market in Apr 2024, up by 107.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bagley are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Bagley; 59% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.