Is Bedford Charter Township, 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, Bedford Charter Township has remained a Seller's Market.
Key Takeaway
Bedford Charter Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bedford Charter Township, MI
How much do homes in Bedford Charter Township, MI cost?
Median Sold Price
$197,450
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bedford Charter Township have sold for 27.8% more than they did a year ago.
Summary: The median home sold price in Bedford Charter Township was $197,450 in April 2024, up 27.8% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238K | $375K | +57.6% |
| 2 Bedrooms | $116K | $135K | +16.4% |
| 3 Bedrooms | $150K | $193K | +28.7% |
| 4 Bedrooms | $230K | $260K | +13.0% |
| 5+ Bedrooms | $646.2K | $274K | -57.6% |
Summary: Bedford Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 57.6%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 57.6%.
Median Sold Price Compared To Nearby Cities
| Bedford Charter Township | $154.5K | $197.4K | +27.8% |
| Battle Creek | $154.5K | $174.9K | +13.2% |
| Pennfield Charter Township | $190K | $215K | +13.1% |
| Ross Township | $430K | $390K | -9.3% |
Housing Supply in Bedford Charter Township, MI
How many homes are available in Bedford Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Summary: The Bedford Charter Township real estate market had 22 homes for sale in April 2024, a 29.4% increase 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bedford Charter Township 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 increased by 50%, 3 bedroom homes increased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bedford Charter Township, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Bedford Charter Township in April 2024, up by 175.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Bedford Charter Township, MI
How long does it take to sell a home in Bedford Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 33 Days | +160.9% |
Summary: Homes in Bedford Charter Township had an average of 33 days on market in Apr 2024, up by 160.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bedford Charter Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Bedford Charter Township; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
