Is Bath, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bath has remained a Seller's Market.
Housing Prices in Bath, MI
How much do homes in Bath, MI cost?
Median Sold Price
$415,000
$288/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Bath was $415,000 in April 2024, down 1.8% from last month, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $422.1K | +155.8% |
3 Bedrooms | $422.5K | $149.3K | -64.7% |
4 Bedrooms | - | $389K | N/A |
5+ Bedrooms | $682K | - | N/A |
Summary: Bath housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 155.8%, 3 bedroom homes decreased by 64.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Bath, MI
How many homes are available in Bath, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Summary: The Bath real estate market had 19 homes for sale in April 2024, a 18.8% 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 | 5 | 7 | +40.0% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Bath 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 40%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bath in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Bath, MI
How long does it take to sell a home in Bath, MI?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 48 Days | +24.9% |
Summary: Homes in Bath had an average of 48 days on market in Apr 2024, up by 24.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Bath; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.