Is Bangor, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bangor was a Seller's Market.
Housing Prices in Bangor, MI
How much do homes in Bangor, MI cost?
Median Sold Price
$190,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bangor was $190,000 in April 2024, up 24.6% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $63K | N/A |
2 Bedrooms | $103.3K | $172.5K | +67.0% |
3 Bedrooms | $162K | $194.9K | +20.3% |
4 Bedrooms | $173.7K | $260K | +49.6% |
5+ Bedrooms | - | - | N/A |
Summary: Bangor 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 67%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 49.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bangor | $152.5K | $190K | +24.6% |
Bangor Township | $175K | $192.4K | +10.0% |
Housing Supply in Bangor, MI
How many homes are available in Bangor, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 17 | -22.7% |
Summary: The Bangor real estate market had 17 homes for sale in April 2024, a 22.7% decrease 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 | 10 | 6 | -40.0% |
3 Bedrooms | 11 | 10 | -9.1% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bangor 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 decreased by 40%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Bangor in April 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bangor, MI
How long does it take to sell a home in Bangor, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 13 Days | -20.6% |
Summary: Homes in Bangor had an average of 13 days on market in Apr 2024, down by 20.6% compared to last year.
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
Summary: During April 2024, 2 homes were sold in Bangor; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.