Is New Baltimore, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Baltimore is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, New Baltimore was a Buyer's Market.

Key Takeaway

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

Housing Prices in New Baltimore, MI

How much do homes in New Baltimore, MI cost?

Median Sold Price

$389,900

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,400(+2.2%)

Key Takeaway

Homes in New Baltimore have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in New Baltimore was $389,900 in September 2024, up 2.2% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $138K-
N/A
2 $271.6K$275K
+1.3%
3 $371.5K$389.9K
+4.9%
4 $474.9K$487K
+2.5%
5+ -$295K
N/A

Summary: New Baltimore housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ira Township
+26.7%
Fair Haven
+26.7%
New Baltimore
+2.2%
Chesterfield Township
+2.0%

Housing Supply in New Baltimore, MI

How many homes are available in New Baltimore, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8175-7.4%

Summary: The New Baltimore real estate market had 75 homes for sale in September 2024, a 7.4% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1816
-11.1%
3 3031
+3.3%
4 2924
-17.2%
5+ 44
0.0%

Summary: The New Baltimore housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Baltimore, expect to pay close to the asking price. 36.8% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in New Baltimore in September 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 37% were sold at asking, and 37% were sold over asking.

Days on Market for New Baltimore, MI

How long does it take to sell a home in New Baltimore, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
23 Days21 Days-9.7%

Summary: Homes in New Baltimore had an average of 21 days on market in Sep 2024, down by 9.7% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 19 homes were sold in New Baltimore; 74% of homes were sold within 30 days, 26% 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 30 Days Ago

Newest Listings in New Baltimore, MI

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