Is Baroda Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Baroda Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Baroda Township was a Seller's Market.

Key Takeaway

Baroda Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Baroda Township, MI

How much do homes in Baroda Township, MI cost?

Median Sold Price

$407,000

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$102,000(+33.4%)

Key Takeaway

Homes in Baroda Township have sold for 33.4% more than they did a year ago.

Summary: The median home sold price in Baroda Township was $407,000 in April 2024, up 33.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $157.5K-
N/A
2 $185K$156.5K
-15.4%
3 $300K$280K
-6.7%
4 $443.7K$452K
+1.9%
5+ -$469K
N/A

Summary: Baroda Township 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 decreased by 15.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Baroda Township
+33.4%
Oronoko Charter Township
+4.9%
Royalton Township
+3.9%
Lincoln Charter Township
+1.7%

Housing Supply in Baroda Township, MI

How many homes are available in Baroda Township, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
711+57.1%

Summary: The Baroda Township real estate market had 11 homes for sale in April 2024, a 57.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 03
+100.0%
5+ 24
+100.0%

Summary: The Baroda Township 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Baroda Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Baroda Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Baroda Township, MI

How long does it take to sell a home in Baroda Township, MI?

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Baroda Township has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Baroda Township; 0% of homes were sold within 30 days, 100% 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 16 Days Ago

Newest Listings in Baroda Township, MI

Nearby Markets to Baroda Township, MI

What housing markets are near Baroda Township, MI?