Is Baldwin Township, 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, Baldwin Township has remained a Buyer's Market.
Housing Prices in Baldwin Township, MI
How much do homes in Baldwin Township, MI cost?
Median Sold Price
$134,900
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Baldwin Township was $134,900 in April 2024, up 3.8% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $83.7K | +28.8% |
2 Bedrooms | $124.9K | $125K | 0.1% |
3 Bedrooms | $149K | $139.9K | -6.1% |
4 Bedrooms | $187.9K | $307.4K | +63.6% |
5+ Bedrooms | $710.5K | $536K | -24.6% |
Summary: Baldwin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.8%, 2 bedroom homes increased by 0.1%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes decreased by 24.6%.
Housing Supply in Baldwin Township, MI
How many homes are available in Baldwin Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Baldwin Township real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 3 | -78.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Baldwin Township in April 2024, down by 78.6% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 68 Days | +1044.4% |
Summary: Homes in Baldwin Township had an average of 68 days on market in Apr 2024, up by 1044.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Baldwin Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.