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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridgewater Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bridgewater Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Bridgewater Township, MI cost?

Median Sold Price

$355,000

$213/sqft

Based on all homes sold in October 2022.

Difference Since Last Month

-$67,000(-15.9%)

Key Takeaway

Homes in Bridgewater Township have sold for 15.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSSep 2022Oct 2022%
1 --
N/A
2 $507K-
N/A
3 $412.5K$325K
-21.2%
4 -$385K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Freedom Township
+22.2%
Bridgewater Township
-15.9%

How many homes are available in Bridgewater Township, MI?

Number of Homes For Sale

Sep 2022Oct 2022%
85-37.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 20
-100.0%
3 32
-33.3%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridgewater Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Sep 2022Oct 2022%
42 Days22 Days-47.9%

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

Breakdown of Home Sale Times

Key Takeaway

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

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

About Bridgewater Township, MI

Homes for sale in Bridgewater Township, MI have reached 5. The inventory of homes for sale in Bridgewater Township, MI between September 2022 and October 2022 decreased by 37.5%. While the average time on the market in October 2022 was 22 days, the median list price was $355,000. Listing prices have changed in this real estate market between October 2021 and October 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties prices decreased by 21.2%, 4 bedrooms properties prices increased by 0%, prices of 5 bedrooms properties went up by 0%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 100%, 3 bedrooms homes inventory decreased by 33.3%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes did not move. In October 2022, from all listings sold in Bridgewater Township, MI there were more than 2 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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