Is Bangor, 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, Bangor was a Buyer's Market.
Housing Prices in Bangor, MI
How much do homes in Bangor, MI cost?
Median Sold Price
$188,250
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bangor was $188,250 in March 2024, up 15.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $63K | N/A |
2 Bedrooms | $122.5K | $130.5K | +6.5% |
3 Bedrooms | $184K | $194.9K | +5.9% |
4 Bedrooms | $175K | $260K | +48.6% |
5+ Bedrooms | - | - | N/A |
Summary: Bangor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 48.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bangor | $163K | $188.2K | +15.5% |
Bangor Township | $197K | $190K | -3.6% |
Housing Supply in Bangor, MI
How many homes are available in Bangor, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 24 | +20.0% |
Summary: The Bangor real estate market had 24 homes for sale in March 2024, a 20.0% 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 | 8 | 10 | +25.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bangor 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Bangor in March 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Bangor, MI
How long does it take to sell a home in Bangor, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 16 Days | +458.3% |
Summary: Homes in Bangor had an average of 16 days on market in Mar 2024, up by 458.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Bangor; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.