Is Bertrand Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bertrand Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Bertrand Township has remained a Seller's Market.

Key Takeaway

Bertrand Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bertrand Township, MI

How much do homes in Bertrand Township, MI cost?

Median Sold Price

$274,950

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$60,050(-17.9%)

Key Takeaway

Homes in Bertrand Township have sold for 17.9% less than they did a year ago.

Summary: The median home sold price in Bertrand Township was $274,950 in November 2024, down 17.9% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$157.5K
N/A
2 $155K$137K
-11.6%
3 $241K$237.5K
-1.5%
4 $335K$320K
-4.5%
5+ $1.1M$742.5K
-33.7%

Summary: Bertrand Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 33.7%.

Median Sold Price Compared To Nearby Cities

Buchanan Township
+11.6%
Niles
+4.6%
Niles Township
+2.8%
Bertrand Township
-17.9%

Housing Supply in Bertrand Township, MI

How many homes are available in Bertrand Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Bertrand Township real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 22
0.0%
5+ 33
0.0%

Summary: The Bertrand Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bertrand Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Bertrand Township in November 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Bertrand Township, MI

How long does it take to sell a home in Bertrand Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days23 Days-41.7%

Summary: Homes in Bertrand Township had an average of 23 days on market in Nov 2024, down by 41.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bertrand Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in Bertrand Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Bertrand Township, MI

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