Is Baldwin Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Baldwin Township was a Neutral Market.
Key Takeaway
Baldwin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baldwin Township, MI
How much do homes in Baldwin Township, MI cost?
Median Sold Price
$138,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Baldwin Township have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Baldwin Township was $138,000 in March 2024, down 0.7% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $65K | $108.7K | +67.3% |
| 2 Bedrooms | $129.9K | $111.2K | -14.4% |
| 3 Bedrooms | $159.8K | $167.4K | +4.8% |
| 4 Bedrooms | $138.5K | $345K | +149.1% |
| 5+ Bedrooms | $710.5K | $536K | -24.6% |
Summary: Baldwin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.3%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 149.1%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Cities
| Oscoda | $132K | $147K | +11.4% |
| Baldwin Township | $139K | $138K | -0.7% |
Housing Supply in Baldwin Township, MI
How many homes are available in Baldwin Township, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Summary: The Baldwin Township real estate market had 41 homes for sale in March 2024, a 17.1% 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 | 18 | +5.9% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin Township 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 increased by 5.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 13 | +333.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baldwin Township, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Baldwin Township in March 2024, up by 333.3% month-over-month. Of the 13 sold homes, 77% were sold under asking, 0% were sold at asking, and 23% were sold over asking.
Days on Market for Baldwin Township, MI
How long does it take to sell a home in Baldwin Township, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 100 Days | -12.7% |
Summary: Homes in Baldwin Township had an average of 100 days on market in Mar 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Baldwin Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 13 homes were sold in Baldwin Township; 23% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.
