Is Belding, 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, Belding has remained a Seller's Market.
Housing Prices in Belding, MI
How much do homes in Belding, MI cost?
Median Sold Price
$220,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belding was $220,000 in April 2024, up 18.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $115K | +43.8% |
2 Bedrooms | $165K | $160.5K | -2.7% |
3 Bedrooms | $175K | $215K | +22.9% |
4 Bedrooms | $247.5K | $280K | +13.1% |
5+ Bedrooms | $300.5K | $380K | +26.5% |
Summary: Belding housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 22.9%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 26.5%.
Housing Supply in Belding, MI
How many homes are available in Belding, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Summary: The Belding real estate market had 30 homes for sale in April 2024, a 7.1% 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 | 4 | -20.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Belding 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 20%, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Belding in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Belding, MI
How long does it take to sell a home in Belding, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 36 Days | +326.5% |
Summary: Homes in Belding had an average of 36 days on market in Apr 2024, up by 326.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Belding; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.