Is Baldwin Township, 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, Baldwin Township has remained a Buyer's Market.
Housing Prices in Baldwin Township, MI
How much do homes in Baldwin Township, MI cost?
Median Sold Price
$139,900
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Baldwin Township was $139,900 in April 2024, down 2.5% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $65K | $87.5K | +34.6% |
2 Bedrooms | $129.9K | $122.2K | -5.9% |
3 Bedrooms | $166.2K | $167.4K | +0.7% |
4 Bedrooms | $187.9K | $345K | +83.6% |
5+ Bedrooms | $710.5K | $536K | -24.6% |
Summary: Baldwin Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.6%, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 83.6%, and 5+ bedroom homes decreased by 24.6%.
Median Sold Price Compared To Nearby Cities
Oscoda | $120K | $148K | +23.3% |
Baldwin Township | $143.4K | $139.9K | -2.5% |
Housing Supply in Baldwin Township, MI
How many homes are available in Baldwin Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 45 | +9.8% |
Summary: The Baldwin Township real estate market had 45 homes for sale in April 2024, a 9.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 3 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Baldwin Township in April 2024, down by 80.0% 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 Baldwin Township, MI
How long does it take to sell a home in Baldwin Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 72 Days | +1100.0% |
Summary: Homes in Baldwin Township had an average of 72 days on market in Apr 2024, up by 1100% 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
Summary: During April 2024, 3 homes were sold in Baldwin Township; 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.