Is Bellaire, 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, Bellaire was a Neutral Market.
Key Takeaway
Bellaire is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bellaire, MI
How much do homes in Bellaire, MI cost?
Median Sold Price
$310,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bellaire have sold for 34.8% more than they did a year ago.
Summary: The median home sold price in Bellaire was $310,000 in April 2024, up 34.8% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $113K | -0.9% |
| 2 Bedrooms | $230K | $242.4K | +5.4% |
| 3 Bedrooms | $218K | $310K | +42.2% |
| 4 Bedrooms | $240K | $390K | +62.5% |
| 5+ Bedrooms | $735K | $744.5K | +1.3% |
Summary: Bellaire housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 42.2%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Bellaire | $230K | $310K | +34.8% |
| Kearney Township | $230K | $282K | +22.6% |
Housing Supply in Bellaire, MI
How many homes are available in Bellaire, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The Bellaire real estate market had 62 homes for sale in April 2024, a 24.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 11 | +83.3% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bellaire housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 17 | +112.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bellaire, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Bellaire in April 2024, up by 112.5% month-over-month. Of the 17 sold homes, 76% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for Bellaire, MI
How long does it take to sell a home in Bellaire, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 62 Days | 82 Days | +32.1% |
Summary: Homes in Bellaire had an average of 82 days on market in Apr 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bellaire has remained consistent over time.
Summary: During April 2024, 17 homes were sold in Bellaire; 6% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.