Is Bedford 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, Bedford Township has remained a Seller's Market.
Housing Prices in Bedford Township, MI
How much do homes in Bedford Township, MI cost?
Median Sold Price
$255,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bedford Township was $255,000 in March 2024, down 1.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $70K | N/A |
2 Bedrooms | $166.3K | $166K | -0.2% |
3 Bedrooms | $235K | $235K | 0.0% |
4 Bedrooms | $301.5K | $315K | +4.5% |
5+ Bedrooms | $315.5K | $428.9K | +35.9% |
Summary: Bedford Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 35.9%.
Median Sold Price Compared To Nearby Cities
Erie | $191.2K | $205K | +7.2% |
Bedford Township | $259.3K | $255K | -1.7% |
Temperance | $259.5K | $255K | -1.7% |
Lambertville | $259.9K | $255K | -1.9% |
Housing Supply in Bedford Township, MI
How many homes are available in Bedford Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 69 | -2.8% |
Summary: The Bedford Township real estate market had 69 homes for sale in March 2024, a 2.8% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 42 | 41 | -2.4% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Bedford Township 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 remained the same, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 33 | +73.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Bedford Township in March 2024, up by 73.7% month-over-month. Of the 33 sold homes, 48% were sold under asking, 9% were sold at asking, and 42% were sold over asking.
Days on Market for Bedford Township, MI
How long does it take to sell a home in Bedford Township, MI?
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Bedford Township; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.