Is Bath, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bath has remained a Seller's Market.
Housing Prices in Bath, MI
How much do homes in Bath, MI cost?
Median Sold Price
$422,500
$198/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Bath was $422,500 in March 2024, up 31.7% from last month, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.5K | $165K | +34.7% |
3 Bedrooms | $375K | $422.5K | +12.7% |
4 Bedrooms | $430K | - | N/A |
5+ Bedrooms | - | $682K | N/A |
Summary: Bath housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 12.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bath, MI
How many homes are available in Bath, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Summary: The Bath real estate market had 15 homes for sale in March 2024, a 16.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 3 | -50.0% |
3 Bedrooms | 8 | 5 | -37.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Bath 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 decreased by 50%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Bath in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Bath, MI
How long does it take to sell a home in Bath, MI?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 38 Days | -25.0% |
Summary: Homes in Bath had an average of 38 days on market in Mar 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Bath; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.