Is Baldwin, 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, Baldwin has remained a Seller's Market.
Housing Prices in Baldwin, MI
How much do homes in Baldwin, MI cost?
Median Sold Price
$134,900
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Baldwin was $134,900 in March 2024, up 3.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $56.5K | $87.5K | +54.9% |
2 Bedrooms | $95K | $111.2K | +17.1% |
3 Bedrooms | $144K | $141.5K | -1.7% |
4 Bedrooms | $138.5K | $307.4K | +122.0% |
5+ Bedrooms | $335K | $536K | +60.0% |
Summary: Baldwin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.9%, 2 bedroom homes increased by 17.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 122%, and 5+ bedroom homes increased by 60%.
Median Sold Price Compared To Nearby Cities
Pleasant Plains Township | $90K | $125K | +38.9% |
Baldwin | $129.9K | $134.9K | +3.8% |
Housing Supply in Baldwin, MI
How many homes are available in Baldwin, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Baldwin real estate market had 35 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 7 | 11 | +57.1% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin 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 increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 12 | +500.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Baldwin in March 2024, up by 500.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Baldwin, MI
How long does it take to sell a home in Baldwin, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
115 Days | 96 Days | -15.9% |
Summary: Homes in Baldwin had an average of 96 days on market in Mar 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Baldwin; 25% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.