Is Bangor Charter Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bangor Charter Township is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Bangor Charter Township has remained a Seller's Market.

Key Takeaway

Bangor Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Bangor Charter Township, MI cost?

Median Sold Price

$165,800

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$31,300(+23.3%)

Key Takeaway

Homes in Bangor Charter Township have sold for 23.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $72K-
N/A
2 $97.9K$152.7K
+55.9%
3 $155K$165K
+6.5%
4 $200K$180K
-10.0%
5+ $152.4K$199.9K
+31.1%

Median Sold Price Compared To Nearby Cities

Bangor Charter Township
+23.3%
Monitor Charter Township
+21.1%
Bay City
+18.8%

How many homes are available in Bangor Charter Township, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
4139-4.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 75
-28.6%
3 2221
-4.5%
4 99
0.0%
5+ 22
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
1017+70.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bangor Charter Township, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
33 Days37 Days+12.5%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bangor Charter Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bangor Charter Township, MI

Number of homes for sale in Bangor Charter Township, MI real estate market have reached 39. The number of listings in Bangor Charter Township, MI decreased by 4.9% between July 2022 and August 2022. While the average time on the market in August 2022 was 37 days, the median list price was $165,800. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 55.9%, 3 bedrooms properties became 6.5% more expensive, the cost of 4 bedrooms properties went down by 10%, 5 bedrooms properties prices increased by 31.1%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 100%, number of 2 bedrooms homes decreased by 28.6%, number of 3 bedrooms homes decreased by 4.5%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. In August 2022 more than 2 listings in Bangor Charter Township, MI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 10 were sold below.

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