Is Bellaire, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Bellaire was a Buyer's Market.
Key Takeaway
Bellaire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellaire, MI
How much do homes in Bellaire, MI cost?
Median Sold Price
$241,000
$170/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Bellaire have sold for 12.1% more than they did a month ago.
Summary: The median home sold price in Bellaire was $241,000 in March 2024, up 12.1% from last month, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107K | N/A |
| 2 Bedrooms | $259K | $128K | -50.6% |
| 3 Bedrooms | $64.9K | $367.5K | +466.3% |
| 4 Bedrooms | $400K | $172K | -57.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Bellaire 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 decreased by 50.6%, 3 bedroom homes increased by 466.3%, 4 bedroom homes decreased by 57%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Forest Home Township | $164K | $241K | +47.0% |
| Bellaire | $215K | $241K | +12.1% |
| Kearney Township | $215K | $128K | -40.5% |
Housing Supply in Bellaire, MI
How many homes are available in Bellaire, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 52 | +4.0% |
Summary: The Bellaire real estate market had 52 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 17 | 16 | -5.9% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Bellaire 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 5.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellaire, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Bellaire in March 2024, up by 28.6% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Bellaire, MI
How long does it take to sell a home in Bellaire, MI?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 Days | 80 Days | +9.4% |
Summary: Homes in Bellaire had an average of 80 days on market in Mar 2024, up by 9.4% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bellaire are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Bellaire; 44% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.