Is Bangor Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bangor Charter Township was a Seller's Market.
Housing Prices in Bangor Charter Township, MI
How much do homes in Bangor Charter Township, MI cost?
Median Sold Price
$180,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bangor Charter Township was $180,000 in May 2024, up 10.9% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $63K | -61.3% |
2 Bedrooms | $122.5K | $130.2K | +6.3% |
3 Bedrooms | $161K | $190K | +18.0% |
4 Bedrooms | $198.7K | $217.4K | +9.4% |
5+ Bedrooms | $465K | $572.4K | +23.1% |
Summary: Bangor Charter Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 61.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Cities
Hampton Charter Township | $156K | $180K | +15.4% |
Bangor Charter Township | $162.2K | $180K | +10.9% |
Bay City | $125K | $134.5K | +7.6% |
Essexville | $142K | $140K | -1.4% |
Housing Supply in Bangor Charter Township, MI
How many homes are available in Bangor Charter Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 56 | +51.4% |
Summary: The Bangor Charter Township real estate market had 56 homes for sale in May 2024, a 51.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 24 | 33 | +37.5% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bangor Charter Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Bangor Charter Township in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Bangor Charter Township, MI
How long does it take to sell a home in Bangor Charter Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
11 Days | 39 Days | +243.1% |
Summary: Homes in Bangor Charter Township had an average of 39 days on market in May 2024, up by 243.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Bangor Charter Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.