Is Baxter, 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, Baxter has remained a Seller's Market.
Key Takeaway
Baxter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baxter, MI
How much do homes in Baxter, MI cost?
Median Sold Price
$222,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Baxter have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Baxter was $222,500 in April 2024, up 11.3% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $246K | $155K | -37.0% |
| 3 Bedrooms | $175K | $226K | +29.1% |
| 4 Bedrooms | $210K | $231K | +10.0% |
| 5+ Bedrooms | $200K | $193K | -3.5% |
Summary: Baxter housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37%, 3 bedroom homes increased by 29.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Baxter | $200K | $222.5K | +11.3% |
| Eastown | $325.5K | $353.4K | +8.6% |
| East Hills | $312K | $293K | -6.1% |
Housing Supply in Baxter, MI
How many homes are available in Baxter, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Summary: The Baxter real estate market had 5 homes for sale in April 2024, a 37.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Baxter housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baxter, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 2 homes were sold or pending in Baxter in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Baxter, MI
How long does it take to sell a home in Baxter, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baxter are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Baxter; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
