Is Bangor Charter Township, 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, Bangor Charter Township has remained a Seller's Market.
Housing Prices in Bangor Charter Township, MI
How much do homes in Bangor Charter Township, MI cost?
Median Sold Price
$178,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bangor Charter Township was $178,500 in March 2024, up 3.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $63K | -61.3% |
2 Bedrooms | $160K | $124.2K | -22.3% |
3 Bedrooms | $170K | $185K | +8.8% |
4 Bedrooms | $280K | $217.2K | -22.4% |
5+ Bedrooms | - | $572.4K | N/A |
Summary: Bangor Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes decreased by 22.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bay City | $110K | $130K | +18.2% |
Monitor Charter Township | $195K | $226.5K | +16.2% |
Bangor Charter Township | $172.4K | $178.5K | +3.5% |
Housing Supply in Bangor Charter Township, MI
How many homes are available in Bangor Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Summary: The Bangor Charter Township real estate market had 45 homes for sale in March 2024, a 32.4% 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 | 11 | 14 | +27.3% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bangor Charter Township 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 27.3%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 14 | +250.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Bangor Charter Township in March 2024, up by 250.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% were sold over asking.
Days on Market for Bangor Charter Township, MI
How long does it take to sell a home in Bangor Charter Township, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
3 Days | 25 Days | +735.7% |
Summary: Homes in Bangor Charter Township had an average of 25 days on market in Mar 2024, up by 735.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Bangor Charter Township; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.