Is Bagley Township, 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, Bagley Township has remained a Seller's Market.
Key Takeaway
Bagley Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bagley Township, MI
How much do homes in Bagley Township, MI cost?
Median Sold Price
$259,900
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bagley Township have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Bagley Township was $259,900 in March 2024, down 1.9% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $64.9K | -77.0% |
| 2 Bedrooms | $127.5K | $195K | +52.9% |
| 3 Bedrooms | $265K | $230K | -13.2% |
| 4 Bedrooms | $322.5K | $336.9K | +4.5% |
| 5+ Bedrooms | $392K | $365K | -6.9% |
Summary: Bagley Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77%, 2 bedroom homes increased by 52.9%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Chester Township | $162.2K | $248.5K | +53.2% |
| Otsego Lake Township | $261.8K | $275K | +5.0% |
| Gaylord | $243K | $249.6K | +2.7% |
| Bagley Township | $265K | $259.9K | -1.9% |
Housing Supply in Bagley Township, MI
How many homes are available in Bagley Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Summary: The Bagley Township real estate market had 33 homes for sale in March 2024, a 32.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Bagley Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bagley Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Bagley Township in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Bagley Township, MI
How long does it take to sell a home in Bagley Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 74 Days | +221.7% |
Summary: Homes in Bagley Township had an average of 74 days on market in Mar 2024, up by 221.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bagley Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Bagley Township; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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