Is Bridgman, 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, Bridgman has remained a Seller's Market.
Key Takeaway
Bridgman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bridgman, MI
How much do homes in Bridgman, MI cost?
Median Sold Price
$338,795
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bridgman have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Bridgman was $338,795 in March 2024, up 7.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $164.9K | $200K | +21.3% |
| 3 Bedrooms | $272K | $334.3K | +22.9% |
| 4 Bedrooms | $396.5K | $474.3K | +19.6% |
| 5+ Bedrooms | $635K | $585K | -7.9% |
Summary: Bridgman 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 increased by 21.3%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Bridgman | $314.5K | $338.7K | +7.7% |
| Sawyer | $425K | $415.5K | -2.2% |
| Lake Charter Township | $202K | $172.2K | -14.7% |
Housing Supply in Bridgman, MI
How many homes are available in Bridgman, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Bridgman real estate market had 12 homes for sale in March 2024, a 7.7% 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 | 3 | 1 | -66.7% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bridgman 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 66.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bridgman, 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 Bridgman in March 2024, down by 25.0% 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 Bridgman, MI
How long does it take to sell a home in Bridgman, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 59 Days | -8.2% |
Summary: Homes in Bridgman had an average of 59 days on market in Mar 2024, down by 8.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bridgman are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Bridgman; 67% 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.
