Is New Baltimore, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New Baltimore has remained a Seller's Market.
Housing Prices in New Baltimore, MI
How much do homes in New Baltimore, MI cost?
Median Sold Price
$386,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Baltimore was $386,500 in April 2024, up 5.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $138K | - | N/A |
2 Bedrooms | $215K | $255K | +18.6% |
3 Bedrooms | $336K | $379.9K | +13.1% |
4 Bedrooms | $458.5K | $477.4K | +4.1% |
5+ Bedrooms | $780K | $410K | -47.4% |
Summary: New Baltimore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 47.4%.
Median Sold Price Compared To Nearby Cities
Chesterfield Township | $296.5K | $315K | +6.2% |
New Baltimore | $367K | $386.5K | +5.3% |
Ira Township | $277.5K | $269.9K | -2.7% |
Fair Haven | $277.5K | $269.9K | -2.7% |
Housing Supply in New Baltimore, MI
How many homes are available in New Baltimore, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 46 | +4.5% |
Summary: The New Baltimore real estate market had 46 homes for sale in April 2024, a 4.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The New Baltimore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in New Baltimore in April 2024, up by 100.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
159 Days | 39 Days | -75.2% |
Summary: Homes in New Baltimore had an average of 39 days on market in Apr 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in New Baltimore; 43% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.