Is Baldwin, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baldwin has remained a Seller's Market.
Housing Prices in Baldwin, MI
How much do homes in Baldwin, MI cost?
Median Sold Price
$134,900
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baldwin was $134,900 in May 2024, up 3.8% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $80K | +14.3% |
2 Bedrooms | $89K | $111.2K | +25.0% |
3 Bedrooms | $148.5K | $145K | -2.4% |
4 Bedrooms | $126K | $269.9K | +114.2% |
5+ Bedrooms | $335K | $281.7K | -15.9% |
Summary: Baldwin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 114.2%, and 5+ bedroom homes decreased by 15.9%.
Median Sold Price Compared To Nearby Cities
Pleasant Plains Township | $122.4K | $150K | +22.5% |
Baldwin | $129.9K | $134.9K | +3.8% |
Webber Township | $128K | $75.5K | -41.0% |
Housing Supply in Baldwin, MI
How many homes are available in Baldwin, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 53 | +32.5% |
Summary: The Baldwin real estate market had 53 homes for sale in May 2024, a 32.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Baldwin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 12 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Baldwin in May 2024, up by 500.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Baldwin, MI
How long does it take to sell a home in Baldwin, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 26 Days | -56.3% |
Summary: Homes in Baldwin had an average of 26 days on market in May 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Baldwin; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.